Tag: Jay Powell
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The Federal Reserve reduces its interest rate by 0.25% to 4.75%
The United States Federal Reserve was less generous than at its previous meeting on its much anticipated reduction of interest rates as it yesterday announced that it has reduced its interest by 0.25% bringing its main rate to 4.75%. US Treasury Secretary Janet Yellen was calling for a 0.5% reduction like last meeting. In its…
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This time it’s not different. SPX 10,000 and gilded debt.
There’s fear in the credit and public debt markets but for me, personally, looking at the deep end of the long-dated treasuries and public debt notes in Europe, there are good bargains to be found. We have come a long way ever since Jay Powell said “We are not thinking of thinking of raising rates”,…
