Reuters and Sierra Mutual Funds CIO, St. Aubin on Powell's 'Balanced' Outlook
"Bullish investors take heart in Powell's 'balanced' outlook"
Investors seeking justification for rallies in stocks and bonds are finding hope in the words of Federal Reserve Chair Jerome Powell, even as the central bank insists the fight against inflation has a long way to go.
Signs of easing inflation have ignited bets that the Fed will begin loosening its restrictive monetary policy earlier than expected, driving the S&P 500 (.SPX) to its biggest monthly gain for more than a year in November. Yields on the U.S. benchmark 10-year Treasury , which move inversely to prices, saw their steepest decline in more than a decade.VIEW HERE
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