Jerome Powell Warns Against Politicizing the Federal Reserve, Defends Democratic Institutions 
RBI Holds Interest Rates at 5.25%, Cuts India Growth Forecast Amid Rising Global Risks 
BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks 
Kevin Warsh Faces Early Fed Test as Inflation Risks Challenge Rate-Cut Expectations 
RBA Expected to Hold Interest Rates at 4.35% as Markets Watch AUD/USD and ASX 200 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Indonesia Plans Higher Asset Yields to Boost Rupiah and Restore Investor Confidence 
BOJ June Rate Hike Likely as Inflation Risks Rise Amid Middle East Tensions 
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027 
ECB Keeps July Rate Options Open Amid Iran War Energy Price Risks 
RBI Hits Pause as Geopolitical Storm Clouds Gather 
Speaking at an event with the University students in Norman Oklahoma, Dallas Fed president Robert Kaplan said that the Fed should increase interest rates sooner than later in the near future so that the central bank doesn’t fall behind the curve. These comments, however, doesn’t change our FOMC dashboard since Mr. Kaplan was already been considered as the hawkish member. The latest FOMC board looks like,
Doves – Lael Brainard, William Dudley, and Neel Kashkari.
Hawks – Janet Yellen, Charles Evans, Patrick Harker, Stanley Fischer, and Robert Kaplan
Unknown – Jerome Powell
Pls. note that one of the dovish members, Daniel Tarrullo has resigned and the position is yet to be filled.
However, the wordings surely changed the market outlook on rate increases from the Fed. The Federal funds rate future is currently predicting 31 percent probability of a hike in the March meeting, up from 26 percent a day before and 23 percent two days ago.
