The market is reacting positively to the Fed chair speech as a tilt toward moving more toward a less restrictive/more balanced monetary policy. He commented that the downside risk to employment and increased. That tariffs are likely to be a one-time price increase.
The chance of a cut in September are back to nearly 100% with 2 cuts before the end of the year
US stocks have moved higher
Dow industrial average up 1.52%S&P index up 1.25%NASDAQ index up 1.47%.The small-cap Russell 2000 is the biggest gainer as smaller/riskier companies benefit from lower rates. It is currently up to 2.86%
Looking at the US yields, the shorter end is down 10 basis points with the two-year now at 3.692% -10.0 basis points. The 10 year yield is also lower but down 6.5 basis points at 4.267%. The 30 year yield is down 3.3 basis points at 4.890%..
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about us stocks move higher yields lower us dollar lower after fed powell speech was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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