All eyes on Jerome Powell’s testimony

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Asian shares were mostly up this morning following a rebound on Wall Street overnight.

Equity bulls have been injected with a renewed sense of confidence thanks to dovish commentary from Fed officials including Chairman Jerome Powell. In written remarks prepared for his testimony before the House Select Subcommittee on the Coronavirus Crises and released yesterday, Powell reiterated his view that the recent jump in inflation would prove transitory. While such comments seem to have soothed concerns over the Fed’s hawkish tilt, the question is for how long? Given how markets remain highly… Read More:

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