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Fed’s Powell signals caution on rate hikes, notes yield surge as de facto tightening
Fed Chair Jerome Powell, in his speech at the Economic Club of New York, asserted that while the option for an additional rate hike remains open, a prudent and careful approach will be the governing principle. Market participants, digesting Powell’s words, now overwhelmingly anticipate an extension of Fed’s pause in November, a sentiment reflected in […] The post Fed’s Powell signals caution on rate hikes, notes yield surge as de facto tightening appeared first on Action Forex...
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Posted: Oct 20 2023, 01:03
Author Name: actionforex
Views: 112262