Powell clarifies inflation remark change in language, and the greenback dips

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We did some ‘language cleanup’ within the opening assertion, removing of reference on ‘progress in the direction of inflation aim’ was not meant to ship a sign – Fed Powell

The remark is sending the USD again down.

Inventory indices are chipping away on the declines.

  • Dow -Zero.21%
  • S&P -Zero.44%
  • Nasdaq -Zero.58%

US yields are nonetheless increased however off the highs for the day.

This text was written by Emma Wang at www.ubaidahsan.com.



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