US 10-year Yield Hits 5% on Powell's Comments, Gold Exceeds $1980 per Ounce
‘Additional evidence of persistently above-trend growth, or that tightness in the labour market is no longer easing, could put further progress on inflation at risk and could warrant further tightening of the monetary policy’ said the Federal Reserve (Fed) Chair Jerome Powell at the Economic Club of New York yesterday. September’s 336K NFP read, higher-than-expected set of inflation data at the latest release contrary, a more than 35% surge in US household net worth since 2019 (Survey of Consumer Finances) are among evidence that the US economy is doing just fine.
Source: actionforex.com
