Archive for December 1st, 2021

New Overnight Developments Abroad - Daily Update

Hawkish Remark from Powell and Plenty of More Data to Absorb as December Kicks Off

December 1, 2021

Fed Chairman Powell signaled that a faster tapering of Fed quantitative stimulus will be considered at this month’s FOMC meeting. The U.S. economy is showing resilience, and the risk is rising of higher inflation expectations. The dollar dipped 0.1% on a weighted basis overnight. Equities, 10-year sovereign debt yields, and the prices of oil and […] More

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