The Fed keeps a very dovish stance despite stronger optimism
The Fed expressed more optimism about economic prospects, no worry about raising bond yields and saw no need to hike rates before 2024. The markets’…
Global stocks continue to rise and so do commodity prices and bond yields, while the Bitcoin is nearing $50000. Risky assets are pushed higher by a mix of confidence in the future economic recovery and speculation in a context of over-abundant liquidity. The reopening of US financial markets will test this optimism today. The EUR/USD is almost stable near 1.2130-40.
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