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US stocks move higher. Yields lower as Powell interview kicks off. USD lower.

US stocks move higher. Yields lower as Powell interview kicks off. USD lower.

US stocks have moved higher as Powell kicks off his interview with the Economics Club of Washington DC. Says that

  • expects 2023 to be a year of significant declines in inflation.
  • But if they were to continue to come in a stronger than expected would certainly raise rates more.

So there is something for everyone, but the stock market is comfortable with the idea that Fed is not going to go too far.

Looking at the market at12:52 PM

Posted: Feb 7 2023, 17:54
Author Name: forexlive
Views: 111564

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