day fall: Fed Chairman Jerome Powell will deliver a closely-watched speech on the challenges facing monetary policy at 10 a.m, according to Market Watch. Eastern on Friday. Fed officials will gather with academics and foreign central bankers Thursday in the Grand Tetons in Wyoming to discuss the economic outlook. Markets want to know what Fed officials think after the U.S. bond market sent a signal of a possible recession this week. See Fed not on red-alert after yield-curve inversion Many economists think the market most wants to hear a willingness from the Fed to do whatever it takes to combat any downturn. The Dow Jones Industrial Average DJIA, -0.66% saw the biggest one day fall this year on Wednesday, as longer-dated U.S. Treasury yields TMUBMUSD10Y, 2.40% fell briefly below short term yields, suggesting investors believe the first recession in a decade lies ahead.
(news.financializer.com). As
reported in the news.
Tagged under day fall, bond market topics.