Fed Sets Up March Liftoff, Balance Sheet Later, BoC Holds

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Fed Sets Up March Liftoff, Balance Sheet Later, BoC Holds
News & Feeds

Fed Sets Up March Liftoff, Balance Sheet Later, BoC Holds

U.S. stocks gave up earlier gains as Treasury yields surged after Fed Chair Jerome Powell signalled the central bank will use its tools to make sure inflation does not become entrenched, paving the way for a March liftoff. Earlier, the stock market may have gotten too pessimistic and priced in too much of a slowdown that was going to come from an aggressive Fed tightening cycle. After hearing Powell talk, it became clear the risk of more rate hikes was elevated and the earlier Wall Street rally fizzled.

Read More…https://www.investing.com/analysis/fed-sets-up-march-liftoff-balance-sheet-later-boc-holds-200616082