Why Powell’s Latest Comments Shook Up the Market

Why Powell’s Latest Comments Shook Up the Market

Yesterday, markets see-sawed while Powell was speaking at the Economic Club in Washington. Risk appetite fluctuated, and the dollar shifted. Less noticed, but perhaps more indicative of the longer-term trends for the dollar and other currency markets, was a steepening...
RBA raises interest rates, focus on Jerome Powell’s speech

RBA raises interest rates, focus on Jerome Powell’s speech

The Reserve Bank of Australia (RBA) raised borrowing costs by 0.25%, in line with market analysts’ expectations. Economists suggest that Australia’s central bank is likely to follow up with another rate hike in March.Oil prices rose on Tuesday, helped by optimism over...