Market reactions to Powell speech

📆 25/08/2023 08:18 م
📰 Reuters

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The U.S. Federal Reserve may need to raise interest rates further to ensure inflation is contained, U.S. Federal Reserve Chair Jerome Powell said on Friday, in remarks that balanced declines in the pace of price increases over the past year with the surprising overperformance of the U.S. economy.

, in remarks that balanced declines in the pace of price increases over the past year with the surprising overperformance of the U.S. economy.MARKET REACTION:TREASURIES: Benchmark 10-year yields US10YT=RR were 4.

27%, up 4 basis points. The 2-year US2YT=RR was at 5.09%, up 7 basis points.

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Stock market today: Asian shares mostly decline ahead of Federal Reserve’s Powell speechAsian shares are mostly falling, discouraged by a Wall Street slump that followed a blowout profit report from Nvidia and mixed reports on the U.S. economy.
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Stock market today: Global shares mixed ahead of a speech by the Federal Reserve chairGlobal shares are trading mixed as investors digest a blowout profit report from Nvidia and mixed reports on the United States economy.
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