After a few sparks caused a spike in bond yields late yesterday after we said they were pausing for breath, the market’s attention is turning to Fed Chair Jerome Powell’s appearance at a Wall Street Journal summit at around 5pm UK time. This is the last chance to hear from the Fed before it enters the two-week blackout period this weekend ahead of its 17 march FOMC meeting. The tone set today will in all likelihood determine risk sentiment for the next two weeks at least.
Although many retail traders especially, and also Wall Street equity traders too can switch off at the first mention of… Read More:
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