Jerome Powell Archives - The Industry Spread

European Equities Start Lower after the Fed cut Interest Rates by 0.25%

October 31, 2019

Asian equity indices ended mostly higher today after Fed delivered the 25 basis point to 1.50%-1.75% as widely expected by the markets, and signalled that it will not proceed with further cuts to see whether these easing steps are enough to sustain the economic growth. U.S. GDP for Q3 expanded at a 1.9%, slowing from 2% in the Q2 but came in above market forecasts for growth of 1.6%. Jerome Powell pointed out several reasons why he feels the US economy is doing well, such as robust consumer spending, strengthening home sales, and healthy asset prices.

Pound targets 1.33 on Brexit Optimism

February 27, 2019

Asian stocks markets finished slightly higher after the testimony from Federal Reserve Chairman Jerome Powell during the US trading session. In Hong Kong the Hang Seng ended flat at 28,759 while the Shanghai Composite index added 0.42 percent to 2,953, the Nikkei 225 in Tokyo rose 0.50 percent to 21,556, while Australian equities have recovered some of yesterday’s losses with the ASX 200 adding 22 points or 0.36 percent to 6150.

Market Entered Corrective Rally Ahead of Powell’s Speech

February 27, 2019

Major markets saw corrective price action on profit booking post yesterday’s price rally inspired by Sino-U.S. trade optimism and investors now await Powell’s speech for short term directional cues while awaiting headlines on UK parliament session tomorrow.

Busy Week for Committee Hearings

February 27, 2019

The Senate Banking Committee will hold another hearing entitled “Legislative Proposals for Capital Formation and Corporate Governance.” The House Financial Services Committee is the committee most relevant to traders in the House and it is holding three hearings this week, including also hosting the Federal Reserve Chair on Wednesday February 27, 2019.