U.S. markets rallied off their intraday lows Wednesday after Fed Chair Jerome Powell said projections for future rate increases should be "taken with a big grain of salt" and reiterated that he believes that inflation is transitory.
Powell also did not issue guidance on when the central bank will begin tapering its bond-buying program. The Fed chair said the central bank will continue to monitor the economic recovery and will provide "advanced notice" before announcing any updates regarding tapering.Earnings releases in Europe on Thursday include Halfords' full-year preliminary results, Dr. Martens' full-year results and on the data front, a handful of European countries release new car registration data for May. Final euro zone inflation figures for May are also due.
late 2023 is over 2 yrs away
Stocks are about 20% higher than pre pandemic high, all commodities are high than pre pandemic, unemployment is high cuz people get free handouts but fed no where near to raise rate or reduce balance sheet. But market gets nervous. marketsinturmoul when they actually will do it
thanks