078 – Fed Chair Powell leaves door open for a pause

<p>On Friday, during a panel discussion, Fed Chair Powell suggested that rates may not climb as much as expected due to credit tightening. Other Fed speakers suggest that FOMC members are developing diverging views. China data hints at a slowing momentum in recovery and EU CPI is still too high. This week sees two more inflation data points – core PCE on Friday and UK inflation on Wednesday. Wednesday will also see the release of the FOMC minutes. Listen to FXCM Market Talk for these stories and more. </p> <p> </p>