828 days ago • Posted by Paul de La Baume
#Fed helps boost investor sentiment #stocks #trading #markets
Fed Chairman Powell came across as more dovish than expected by the market. He reassured markets mentioning decisions around balance sheet reductions will take 2-4 meetings. Powell also said inflation should remain above target until middle of the year, although inflationary pressures could last well into next year. A slightly more dovish tone was enough to make the tech-heavy Nasdaq pivot from its 0.60% intraday loss to gains of 1.2%.
