Yearly Archives: 2024
Dollar Calm On Neutral Powell’s Testimony

Written on July 25, 2024 at 6:14 am, by
Market Summary The highly anticipated testimony of Jerome Powell commenced yesterday, but the market remained calm as the Fed’s chief delivered a neutral statement. Powell acknowledged that inflationary pressure in the U.S. is showing signs of easing and raised concerns about potential risks to the labour market from persistent high borrowing costs. However, he refrainedContinue Reading
Dollar Calm On Neutral Powell’s Testimony

Written on July 25, 2024 at 6:14 am, by
Market Summary The highly anticipated testimony of Jerome Powell commenced yesterday, but the market remained calm as the Fed’s chief delivered a neutral statement. Powell acknowledged that inflationary pressure in the U.S. is showing signs of easing and raised concerns about potential risks to the labour market from persistent high borrowing costs. However, he refrainedContinue Reading