Powell Backs A Quarter-point Rate Hike In March Meeting, 10Y Treasury Yield Rise By 11 BPS, UK Natural Gas UP 35% (Taylor Rule Suggests A Target Rate Of 13.40%)
by confoundedinterest17 Like the old E.F. Hutton ads, when Fed Chair Jerome Powell talks, people listen. Stocks rose, while bonds fell after Jerome Powell said he was inclined to back a quarter-point U.S. rate hike in March to combat inflation that is “too high.” In a broad-based equity rally, financial and industrial companies led gains in the S&P 500. The two-year … Read more