Powell clarifies inflation comment change in language, and the dollar dips

We did some ‘language cleanup’ in the opening statement, removal of reference on ‘progress towards inflation goal’ was not meant to send a signal – Fed Powell

The comment is sending the USD back down.

Stock indices are chipping away at the declines.

• Dow -0.21%
• S&P -0.44%
• Nasdaq -0.58%

US yields are still higher but off the highs for the day.

This article was written by Greg Michalowski at www.forexlive.com.