As expected, the Fed Chair Powell is trying to calm the markets. Powell said that will communicate well in advance of any changes to the bond buying pace; vow to keep rates near 0 until full employment and inflation rises to 2% and is on track to moderately exceed this for some time. Economic momentum has slowed substantially after summer rebound and economy is a long way from employment and inflation goals. Although the number of new Covid-19 cases and hospitalizations has been falling, and ongoing vaccinations offer hope for a return to more normal conditions later this year, the economic recovery remains uneven and far from complete, and the path ahead is highly uncertain, he added. There's nothing new here but yields are starting to move higher again with US 30s now up 4 bps to 2.21%. US indexes also rose slightly. The Q&A session will begin shortly.US100 bounced off the support at 12 755 pts and is heading towards psychological lelvel at 13 000 pts. Source: xStation5
This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.