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Stocks eye major breakout after Powell nod

Stocks eye major breakout after Powell nod

When the FOMC meeting statement was released, there were some jitters initially but by the end of Powell's press conference, markets were very much relieved. It seems like as long as inflation developments continue as they have been, it is only a matter of time before Powell continues to keep caving in to the outlook of broader markets - even if he continues to say that the Fed is still maintaining a differing view.

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Posted: Feb 2 2023, 06:10
Author Name: forexlive
Views: 110140

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