Powell told CBS 60 Minutes in an interview that aired Sunday that it was highly unlikely that the Fed would raise interest rates anything like this year. I m in a position to guarantee that the Fed will do everything we can to support the economy for as long as it takes to complete the recovery, he added.
Investors will be watching out for developments on President Joe Biden s infrastructure package, known as the American Jobs Plan. Biden is due to meet with bipartisan members of Congress on Monday to try to get backing for his $2 trillion infrastructure plan.
Meanwhile, an auction for $38 billion of 10-year notes will also likely be in focus, as a key gauge of investor appetite for government debt. Auctions are scheduled to be held for $57 billion of 13-week bills, $54 billion of 26-week bills and $58 billion of 3-year notes.
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Fed Chair warns cyberattacks pose biggest threat to US economy greekherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from greekherald.com Daily Mail and Mail on Sunday newspapers.
Tech shares lead US rally after Fed reassurances
published : 10 Apr 2021 at 04:00
Recap: US tech shares led a Wall Street rally after Federal Reserve Chairman Jerome Powell assured that inflation was not a worry. European stocks were subdued yesterday while most Asian markets retreated as traders looked ahead to a much-anticipated earnings reporting season.
The SET index moved in a range of 1,552.18 and 1,601.24 points this week before closing yesterday at 1,566.34, down 1.87% from the previous week, in daily turnover averaging 88.97 billion baht for four operating days.
Retail investors were net buyers of 6.55 billion baht and foreign investors bought 2.09 billion baht. Institutional investors were net sellers of 6.29 billion and brokerage firms offloaded 2.34 billion baht worth of shares.
How Infrastructure Spending Could Amp Up Economic Growth wrkf.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wrkf.org Daily Mail and Mail on Sunday newspapers.