Futures mostly higher with interest rates set to stay low
- The fun in Jackson Hole wraps up today as the two-day virtual
symposium concludes with the last livestreams from central bankers and
other influential officials.
- Nothing is likely to compare to yesterday's speech from Fed Chair
Jerome Powell, which will have a transformative effect on U.S. monetary
policy for the foreseeable future.
- The central bank said it will keep interest rates low to help prop up
the pandemic ravaged economy even if inflation rises above its target
level
of 2% for periods of time.
- Prices of stocks, bonds and gold all made several U-turns on the news,
while equities attempted another green session overnight. Dow and S&P 500
futures are up 0.5% and 0.4%, respectively, while Nasdaq futures are
hugging the flatline.
|Today, 5:47 AM|1 Comment
- The fun in Jackson Hole wraps up today as the two-day virtual
symposium concludes with the last livestreams from central bankers and
other influential officials.
- Nothing is likely to compare to yesterday's speech from Fed Chair
Jerome Powell, which will have a transformative effect on U.S. monetary
policy for the foreseeable future.
- The central bank said it will keep interest rates low to help prop up
the pandemic ravaged economy even if inflation rises above its target
level
of 2% for periods of time.
- Prices of stocks, bonds and gold all made several U-turns on the news,
while equities attempted another green session overnight. Dow and S&P 500
futures are up 0.5% and 0.4%, respectively, while Nasdaq futures are
hugging the flatline.
|Today, 5:47 AM|1 Comment
Comments
Post a Comment