Nevertheless,
Wall street delighted us dollar:
The New York Stock Exchange welcomed the speech of the president of Fed Jerome Powell on Friday. Therefore, who left the door open to future rate drops to support US employment, while the dollar and the obligations fell.
• Read also: The president of the Fed suggests that he could lower the rates
While they were already playing in the green at the opening. For example, the star clues of the American square gained speed following the declarations of the boss of the Federal Reserve.
Around 10:30 am, the Dow Jones took 1.73% and reached a record in session at 45,563.30 points.
The NASDAQ index increased by 1.68% and the widen S&P 500 index of 1.44%.
A “rapid” degradation of the American labor market is not to be excluded. could “justify” a relaxation of monetary policy, wall street delighted us dollar and therefore interest rates, warned Jerome Powell from the Jackson Hole meetings, in Wyoming (West) between central bankers.
He added that the Fed is in a “delicate situation” because the new customs duties set up by the. American executive begin at the same time to repercussions on the prices paid by consumers at the risk of reviving inflation.
These remarks dropped treasury bills: on the US bond market. the two -year yield – the most sensitive to monetary developments – went in a few minutes from 3.78% to 3.69% around 10:20 am.
The one at ten years old also relaxed frankly, 4.33% Thursday at the end of 4.26%.
The dollar also fell, dropping approximately 0.76% against the single currency, at 1.1692 dollars for one euro, lower rates being likely to lead the course of a currency.
The FED has been facing the pressure of US President Donald Trump for several wall street delighted us dollar weeks to lower its rates. to support activity.
A majority of operators favor a drop in rate – in a range of 4.00% to 4.25% – at the end of the next FED political committee meeting (FOMC) in September. according to the CME monitoring tool, Fedwatch.
Wall street delighted us dollar
Further reading: The Swiss gold industry warns of the proposal for an American tax of the boss of Swatch – For some elevators, the scheduled end of the 2G may have very unfortunate consequences – Pierre Hairyvre wants Mark Carney to sell all the assets of his trust – While Proximus wants to fiber all of Wallonia, its financial results, they have severely dropped out – The Fed, under the fire of criticism, should maintain its unchanged rates.
