I personally feel Jerome Powell speech has caused market to panic sell. He shared on momentary policy still remains which is to continue buy $120b worth of bond every month.
This is in return to encourage borrowing and spending cycle. There will be plans to continue helps lower unemployment rate which will also to boost the economy.
Most importantly to get everyone vaccinated to ease the lockdown and boost the global economy.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments