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