The market will be searching for insight on the interest rate path as Powell speaks in 20 minutes’ time.
I’m also curious to see if the high treasury yields will affect Fed’s decision.
“The rise in yields actually does some of the Fed’s job for it by slowing economic growth and helping to contain inflation” - remark by Mr Clarida, a global economic adviser for Pacific Investment Management Co.
Meanwhile, high interest rate is hurting growth stocks like $Tesla (TSLA.US)$ $NVIDIA (NVDA.US)$ and ...