Markets in China and Japan are closed for holidays.
U.S. Federal Reserve Chairman Jerome Powell said in a news conference that recently low inflationary pressures may only be "transitory," dashing speculation the central bank was at least entertaining the idea of a rate cut because of tame inflation.overnight monetary policy decision and hints that the central bank is not considering a cut in interest rates at this moment.in Australia. The benchmark index Down Under last closed at 6,375.90.
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Why does he have to ruin the party for everyone?
Of coarse not, it's political now...all anti Trump at citizens expense...
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Source: MarketWatch - 🏆 3. / 97 Read more »
Investors brace for a roller-coaster week ahead with Fed decision and Apple, Alphabet earningsFed Chairman Jerome Powell is expected to emphasize that the Fed is patient and will hold interest rates steady. Relax, The Fed has been neutered. Roller coaster? Naw.....feds in a sleep no worries. rate increase PLEASE PLEASE PLEASE!
Source: CNBC - 🏆 12. / 72 Read more »
Jeremy Siegel blames the Fed for the 20% stock market drop late last year'We look over 15 years, a lot of mistakes were made. You think there would be some more lively discussion,' and more dissenters on the Fed, says the longtime stock market bull. Wow! News flash!!!! Umm yeah. Just like it was the fed that caused us to have a 10 year bull run. And in the big picture a 30 year run. What about the 25% rally since?
Source: CNBC - 🏆 12. / 72 Read more »
Powell has to walk verbal tightrope as market could pounce on interest-rate clues in either directionFed Chairman Jerome Powell will try not to make many waves and stick to a “on-hold” policy posture at his press conference on Wednesday as the market remains...
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