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Stocks rally, yields slump as Powell strikes neutral tone

Powell signals Fed is likely done hiking rates, sparking relief rally. Wall Street cheers Powell’s balanced tone, but dollar stays resilient as yields tumble. Pound steady ahead of Bank of England decision.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure ...

Broadcast on:
02 Nov 2023

Powell signals Fed is likely done hiking rates, sparking relief rally. Wall Street cheers Powell’s balanced tone, but dollar stays resilient as yields tumble. Pound steady ahead of Bank of England decision.

Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.

Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en

Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning

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