Page 2 - After Powell News Today

This week’s hearings could offer the first glimpse of whether that support is beginning to crack.

Gold Price struggled to capitalize on the previous day's goodish recovery move from a one-month low and came under some fresh selling pressure on Thur

By the end of last week, the bond market was sending hopeful signs about the recent rate spike potentially leveling off.  It had done the same thing on the previous Friday only to give way to highest rates in 3 years as the week progressed.  Sadly, the most recent Friday offered a similar betrayal . In other words, the bond market was merely regrouping for another jump toward even weaker levels (bond market weakness = higher rates, all other things being equal).&a...

Two-year yields, which are highly sensitive to monetary policy, staged the biggest one-day jump since March 2020, surging about 13 basis points to 1.15pc.

Asian stock markets have followed Wall Street higher after Federal Reserve chairman Jerome Powell said U.S. interest rates might be raised earlier than planned

NPR's Morning Edition on Wednesday delighted in a supposedly nonpartisan group that they called the "Sedition Hunters," who have helped scoured videos to help identify suspects in the January 6 riot.

NPR's Morning Edition on Wednesday delighted in a supposedly nonpartisan group that they called the "Sedition Hunters," who have helped scoured videos to help identify suspects in the January 6 riot.

President Joe Biden and first lady Jill Biden shared a heartfelt paean to Desmond Tutu upon learning of his death shortly after Christmas, praising his role standing up to Apartheid and "the power of his message of justice, equality, truth, and reconciliation as we confront racism and extremism in our time today." Omitted was Tutu’s blind spot toward antisemitism or his incitement against Jews.

Many in the market took the buzzword to mean the Fed expected price pressures to be short-lived. Powell said policy makers intended it to mean something different.

Today, we get the flash PMIs from the US, UK and euro area. In the euro area, given the downtrend in new orders and rising Covid-19 headwinds we shoul