Powell Presser: Moderately Dovish

3:13 p.m. ET I’m still taking all of this in as Powell continues to speak. Here are some interesting highlights from the presser: POWELL: BELIEVE POLICY RATE IS LIKELY AT PEAK FOR CYCLE * POWELL: APPROPRIATE TO BEGIN EASING ‘AT SOME POINT THIS YEAR’ POWELL:THINK THERE COULD BE SEASONAL EFFECTS IN INFLATION DATA POWELL: EXPECT…