Powell speech: Shape of yield curve not a top-line worry

Europen Central Bank (ECB) President Christine Lagarde, FOMC Chairman Jerome Powell and Bank of England (BOE) Governor Andrew Bailey speak on the policy outlook at the ECB's annual Forum on Central Banking.

Key quotes

Powell: "Markets since last fall, by and large, have been pretty well aligned with where the Fed is going."

Powell: "Market pricing indicates investors understand where the Fed is aiming to go."

Powell: "The shape of the yield curve is not a top-line worry."

Market reaction

The dollar continues to gather strength against its rivals and the US Dollar Index was last seen rising 0.3% on the day at 104.80.