Stocks rise after Fed tames inflation fears, projects U.S. GDP surge

FILE PHOTO: A man walks past a stock quotation board at a brokerage in Tokyo, Japan February 26, 2021. REUTERS/Kim Kyung-Hoon

Long-term Treasury yields remained elevated in Asian trading as bond investors chose to focus more on rising inflation expectations. The S&P 500 closed at a record high on Wednesday and the Dow Jones Industrial Average closed above 33,000 points for the first time, bolstered by the Fed’s strong economic forecast and Powell’s comments that it is too early to discuss tapering-off measures.The Fed projected the U.S. economy will grow by 6.5% this year - the largest annual output growth since 1984 - thanks in part to massive federal fiscal stimulus and optimism around the success of coronavirus vaccines.

Benchmark 10-year U.S. Treasury yields edged up to 1.6550%, not far from the highest since January last year.

Good news!

Q

So many bitcon traders on Twitter are trickster Amelimarkdonal thank you for opening my eyes to their ways now I’m pretty sure I’ll be able to help others

More good news please(((

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks rise on supportive Fed, Biden’s stimulusGlobal shares and Asian markets rally after Federal Reserve painted a rosy picture of the US economic outlook, repeating a pledge to stick to its guns with an ultra-low monetary policy.
Source: trtworld - 🏆 101. / 63 Read more »

Asian stocks rise after Wall Street highs and on vaccine optimismAsian stocks rose Monday after Wall Street hit a new high and investors were encouraged by government stimulus and the rollout of coronavirus vaccines. have they never heard of *INFLATION* 🙄 So
Source: MarketWatch - 🏆 3. / 97 Read more »