Jerome Powell Re-nominated Fed Chair With Lael Brainard Vice-Chair

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  • #29691
    TradersCom
    Keymaster

    In what the Press had us believe was a close race The White House took the sensible route and nominated Jerome Powell for a second four-year term, acc
    [See the full post at: Jerome Powell Re-nominated Fed Chair With Lael Brainard Vice-Chair]

    #29699

    JEROME reappointment to 2nd term … EVEN #46 releases it’s “TOO LATE” to turn back now – lol

    #29700
    TradersCom
    Keymaster

    Common sense reared it’s head ….

    #29722
    TradersCom
    Keymaster

    Goldman Sachs look to the futures market as support for their Federal Open Market Committee view of 2 rate hikes ahead:

    the futures market and our economists both expect the Fed will raise the funds rate by 25bp in July
    and at least one additional time later in 2022

    Equity impact:

    The median historical experience of equity valuations around initial Fed hikes shows stable P/E multiples.
    Specifically, during the 12-month period starting six-months before and ending six months after a tightening cycle begins, the valuation of the S&P 500 has remained remarkably steady on average

    #29723
    TradersCom
    Keymaster

    The US dollar is posting gains pretty much across the board with a lower EUR, AUD and yen notable.

    USD/JPY above 115 for the first time since 2017

    • This reply was modified 2 weeks ago by TradersCom.
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