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The Nasdaq rallies and US dollar slips as Powell sees two-sided inflation risks

The Nasdaq is at a session high, up 1.6% in the aftermath of the FOMC decision and Powell's press conference."It feels like the risks are more two-sided now around inflation," Powell said.At one point there was a dip in risk assets and a bounce in the dollar as he refused to take future hikes off the table but that was later wiped out. Ultimately, there is little to take away from this press conference. Powell preserved the bias towards hiking rates but highlighted upcoming data and the lagged e... Read More

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Content Topics

Nasdaq

Rallies

Dollar

Slips

Powell

Sees

Two

Sided

Inflation

Two sided

Forex

Posted: Nov 1 2023, 19:29

Author Name: forexlive

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