FYI: From emerging-market bonds to developed-nation currencies, the ripples from Jerome Powell’s comments on interest rates barreled through markets in seconds.
The Federal Reserve chairman, who warned in October that monetary policy was “a long way from neutral,” said Wednesday at the Economic Club of New York that interest rates are “just below” the neutral range. That was enough to send a disparate set of stocks, bonds, currencies and commodities spinning.
Regards,
Ted
https://www.fa-mag.com/news/how-a-dovish-flutter-at-the-fed-swept-across-stocks--bonds--gold-42100.html?print
