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 HEREThe thoughts and opinions expressed in the article are solely those of the person speaking as of 12/1/2023, and not necessarily those of Sierra and are provided for informational purposes only. Any opinion or estimate contained in this article is made on a general basis and is not to be relied upon by the reader as advice. The reader must make his/her own assessment of the relevance, accuracy, and adequacy of the information contained in this article, and make such independent investigations as he/she may consider necessary or appropriate for the purpose of such assessment.
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