Federal Reserve Chairman Jerome Powell has released his opening statements ahead of his Tuesday confirmation hearing. His remarks seem to mark an approaching shift in the central bank’s monetary policy for 2022.
Key indices like the S&P 500, the Dow, and Nasdaq have experienced a rollercoaster of ups and downs since the beginning of the COVID-19 pandemic. How does this week’s turnaround compare to others that traders have seen over the past year and a half?
How are US benchmarks, the dollar, and gold expected to perform after the Federal Reserve indicated it will pare stimulus down more quickly than initially intended, opening the door to higher interest rates?