Copper/USD

tweet at 2:34pm: Fed’s Powell: - Labor Demand Substantially Exceeds Supply - Inflaiton 'Remains Well Above Our Longer-Run Goal' -Inflation Data Over Past 3 Months Show Welcome Reduction in Pace of Increases - Will Need Substantially More Evidence to Be Confident Inflation on Downward Path tweet at 2:35pm: Fed’s Powell: - Longer-term Inflation Expectations Remain Well Anchored - But That's Not Grounds for Complacency - Acutely Aware That High Inflation Imposes Hardships - We Are Highly Attentive of Risks Inflation Poses to Both Sides of Our Mandate tweet at 2:36pm: Fed's Powell: - In Light of Cumulative Tightening and Lags, Fed Continued Step-down From Last Year's Fast Pace - A Slower Pace Allows Us to Better Assess Progress Toward Our Goals - We Will Continue to Make Decisions Meeting by Meeting tweet at 2:37pm: Fed’s Powell: - Our Focus in on Using Our Tools to Bring Inflation Down - Reducing Inflation is Likely to Require Below Trend Growth, Some Softening in Labor Market - History Cautions Against Prematurely Loosening Policy tweet at 2:38pm: Fed’s Powell: - We Will Stay the Course Until Job is Done - We Will Do Everything We Can to Achieve Goals - Is Important Financial Conditions Continue to Reflect the Policy Restraint We've Put in Place - Our Focus is Not on Short-term Moves in Financial Conditions