Powell says ‘no decision’ but data tells another story! | MarketTalk: What’s up today? | Swissquote
Bulls in European equities didn’t’ really get washed out by the Federal Reserve (Fed) hawks; the DAX index closed higher at the wake of Powell’s first day of testimony before the Senate – which went badly hawkish on the other side of the Atlantic.
Yet, the selloff slowed yesterday as Powell said that the data will determine whether the Fed would increase the pace of the interest rate hikes, BUT that ‘no decision has been made on this’ yet.
The US 2-year yield extended its advance above the 5% mark, the 10-year yield hovered around the 4% level. But, the...