Market Comment | Fed Chair Powell’s testimony drove US markets
Published on Tuesday, February 27, 2018
Market Comment | Fed Chair Powell’s testimony drove US markets
Fed Chair Powell’s testimony drove US markets, as chances of a fourth rate hike this year inched up (see). Consequently, US yields rose significantly – increasing the slope of the US sovereign bonds curve – while the USD appreciated notably against its main peers. On the other hand, stock prices declined (especially in the US) […]
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