Powell Flags Rising Inflation Risk While Playing Down Rate Hikes (US Dollar, 10Y Treasury Yield, Gold Fall With Powell’s Comments)
by confoundedinterest17 Like the old EF Hutton ads, “When Powell speaks, people listen.” Federal Reserve Chair Jerome Powell sounded a note of heightened concern over persistently high inflation as he made clear that the central bank will begin tapering its bond purchases shortly but remain patient on raising interest rates. “The risks are clearly now to longer and more persistent … Read more