Sage Investment Club

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 of the yield curve. That contributed to supporting commodities and their respective currencies. How much […]

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 the recovery in demand from China, the largest crude importer in the […]