With only the revision to US GDP data from 60-150 days ago on the economic calendar (down a tick to 3.2% annualized), traders shifted their focus to Fedspeak. Jerome Powell’s cadre of mouthpieces have generally stuck to the proverbial “script” in the wake of the central bank’s late January meeting: The Fed needs to see continued improvement in inflation data before feeling comfortable cutting interest rates to start “normalizing” monetary policy. As the highlighted quotes from the central bank show, that remains the case: • FED'S COLLINS: MORE TIME IS NEEDED TO DISCERN IF THE ECONOMY IS SUSTAINABLY ON A PATH TO PRICE ... (full story)