Christmas Comes Early ?
From Bloomberg, Federal Reserve Chairman Jerome Powell said he and
other policy makers continue to see a “solid” outlook for the U.S. economy,
while noting that interest rates are “just below” the so-called neutral range.
From Gave Kal, The most cherished gifts often come in small packets, and investors duly
cheered just two small words yesterday by the Federal Reserve chairman. In a
speech, Jerome Powell said policy rates were “just below” the neutral level.
That was a big change from a month earlier when he said they were “a long way
from” the not-too-hot-not-too-cold level. This suggests that the pace of
interest rate hikes may lessen, while on the same day data was released showing
a highly profitable US corporate sector that is still investing.
People are still skeptic about the market .
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