Well, I was expecting a little more guidance than Fed Chair Powell gave today at the J-Hole conference. In fact, failing to give a hard date on paring back the balance sheet and raising rates is downright dovish. A regrettable incident.
As a result of Powell’s dovish talk, GOLD, BITCOIN and the S&P500 index rose.
The S&P 500 index rose almost 1% today while the 10Y Treasury yield dropped 4 bps.
Got a news tip or correction? Let us know
If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.
4 views