⚠️BREAKING: *DOW ENDS UP MORE THAN 250 POINTS, NASDAQ JUMPS 1.9% AFTER POWELL SAYS INFLATION IS DECLINING - $DIA $SPY $QQQ 🇺🇸🇺🇸
Powell's remarks were largely a repeat of his prior remarks, but many were eager to see if the recent January jobs report would force him to tilt more hawkish. Powell admitted that last week's
was stronger than anyone had expected, and was further evidence that inflation will take a long time to ease to the Fed's 2% target.will take a “significant period of time,” Powell said Tuesday to the Economic Club of Washington, reiterating the need for ongoing rate hikes. [W]e think that we're going to need to do further rate increases, as we said [at the February meeting], and we think that we'll need to hold policy and restrictive level for a period of time,” he added.
“On the back of Powell's appearance we are adding a 25bp to the May FOMC meeting, bringing our expectation for the peak rate to 5.00% to 5.25%,” Morgan Stanley said in a note.Microsoft Corporation (NASDAQ:
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Powell acknowledges disinflation again, but sees more hikes in long inflation war By Investing.com*POWELL ACKNOWLEDGES DISINFLATION AGAIN, BUT SEES MORE HIKES IN LONG INFLATION WAR
Consulte Mais informação »
Iranian Leader Pardons Thousands After Anti-Government Protests and Mass ArrestsIran’s supreme leader Ayatollah Ali Khamenei pardoned tens of thousands of people over the weekend, including some who were arrested in recent anti-government protests.
Consulte Mais informação »
S&P 500 Futures, Treasury bond yields portray risk aversion amid US-China tension, Fed concernsS&P 500 Futures, Treasury bond yields portray risk aversion amid US-China tension, Fed concerns – by anilpanchal7 SP500 Futures YieldCurve China Fed
Consulte Mais informação »
Lexus LC 500 2023 UK first drive | AutocarTargeted tweaks make incremental gains to a V8 GT car with obvious star quality, but some persistent dynamic shortcomings remain
Consulte Mais informação »
Powerful Earthquake Strikes Turkey and Syria, Killing More Than 500 PeopleThe 7.8-magnitude quake was felt across a large region with multiple aftershocks, rocking an area that houses millions of Turkish citizens, displaced Syrians and refugees.
Consulte Mais informação »