Archive for May 28th, 2024

New Overnight Developments Abroad - Daily Update

Markets Waiting for the Proverbial Godot, I.E. Fed Easing

May 28, 2024

I found the market’s initially upbeat reaction to Fed Chairman Powell’s May 1st press conference puzzling and dismaying and in my opening post the following day wrote Investors had a somewhat more comforting reaction to Fed Chairman Powell’s press conference than I, fixating on the fact that he generally doubted there were be a need […] More

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