Ja16im
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Financial markets reacted to comments from Federal Reserve Chairman Jerome Powell, who confirmed that the central bank is in no rush to cut interest rates, noting that inflation remains above the 2% target, despite the strength of the economy and labor market.
Market reactions:
Stock markets: US stock indices saw slight movements; the SPDR S&P 500 ETF Trust (SPY) closed at $605.52, up 0.11%, while the Invesco QQQ Trust Series 1 (QQQ) closed at $528.93, down 0.06%.
Bond yields: US bond yields rose, with the 10-year yield rising to 4.537%, reflecting investors’ expectations for the continuation of current monetary policy.
Cryptocurrencies: Major cryptocurrencies declined; Bitcoin fell 2.36% to $95,096, while Ethereum dropped 3.01% to $2,591.14.
These reactions come as investors await the upcoming US inflation data, which will influence future monetary policy expectations.
#LAYEROnBinance
#LTC&XRPETFsNext?
#BNXBreakthrough
Market reactions:
Stock markets: US stock indices saw slight movements; the SPDR S&P 500 ETF Trust (SPY) closed at $605.52, up 0.11%, while the Invesco QQQ Trust Series 1 (QQQ) closed at $528.93, down 0.06%.
Bond yields: US bond yields rose, with the 10-year yield rising to 4.537%, reflecting investors’ expectations for the continuation of current monetary policy.
Cryptocurrencies: Major cryptocurrencies declined; Bitcoin fell 2.36% to $95,096, while Ethereum dropped 3.01% to $2,591.14.
These reactions come as investors await the upcoming US inflation data, which will influence future monetary policy expectations.
#LAYEROnBinance
#LTC&XRPETFsNext?
#BNXBreakthrough
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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