Shares bounce after Q&A ends
Powell spoke for a full hour and inventory markets hit session highs early adopted by session lows late. The takeaway is that Powell is unlikely to do extra by way of QE however on the similar time he was very clear that charges will keep low for a very long time.
I feel threat property will finally prefer it however there’s an ebb and move.
FX adopted the same path with USD/CAD dropping to 1.3125 from 1.3175 after which coming all the way in which again.
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