# Here's the one word from Jerome Powell that has people raising their eyebrows

> Fed Chair Jerome Powell described low inflation as likely transitory and said the Fed is not yet considering a rate cut. Markets had been pricing in a cut later in the year, and the core PCE rate fell to 1.6% in the first quarter.

- Date: 2019-05-01 · published 2019-05-01T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/58996-here-s-the-one-word-from-jerome-powell-that-has-people-raising-their-eyebrows
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Removing rate-cut expectations supports the dollar and tightens financial conditions, which weighs on commodity prices quoted in dollars.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-07-31 | [The two words from Jerome Powell that rocked the financial markets](https://feedsoft.ai/events/58014-the-two-words-from-jerome-powell-that-rocked-the-financial-markets.md) | +0.9% | +1.8% |
| DXY | 2021-11-23 | [Indian bonds, rupee weaken on Jerome Powell’s new term at U.S. Federal Reserve - The Hindu](https://feedsoft.ai/events/44317-indian-bonds-rupee-weaken-on-jerome-powell-s-new-term-at-u-s-federal-reserve.md) | +0.5% | +0.4% |
| DXY | 2022-06-23 | [Jerome H Powell: Semiannual Monetary Policy Report to the Congress](https://feedsoft.ai/events/40849-jerome-h-powell-semiannual-monetary-policy-report-to-the-congress.md) | +0.4% | +2.0% |
| DXY | 2018-10-03 | [Powell says we're 'a long way' from neutral on interest rates](https://feedsoft.ai/events/62449-powell-says-we-re-a-long-way-from-neutral-on-interest-rates.md) | +0.6% | +2.3% |
| DXY | 2018-06-13 | [Transcript: Fed Chairman Jerome Powell’s Postmeeting Press Conference](https://feedsoft.ai/events/64441-transcript-fed-chairman-jerome-powell-s-postmeeting-press-conference.md) | +1.3% | +0.6% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/05/01/heres-the-one-word-from-jerome-powell-that-has-people-raising-their-eyebrows.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.