We Don’t Live In “Normal“ Times
- Date: 10-Jan-2021
- Source: Forbes
- Sector:Economy
- Country:user-top-picks
We Don’t Live In “Normal“ Times
Federal Reserve Board Chairman Jerome Powell testifies during a full committee hearing on "Monetary ... [+] Policy and the State of the Economy" on July 10, 2019 in Washington,DC. - Uncertainty about trade frictions and global growth continues to weigh on the US economic outlook, Federal Reserve Chair Jerome Powell said Wednesday, keeping the door open to an interest rate cut this month. In his highly-anticipated testimony to Congress, Powell said many central bankers believed the case for lower rates "had strengthened" last month given the rising "crosscurrents" in the economy. (Photo by Brendan Smialowski / AFP) (Photo credit should read BRENDAN SMIALOWSKI/AFP via Getty Images)
AFP via Getty Images
The equity markets are in one of those rare moods where they continue to rise no matter the news, even when there are riots in the nation's capitol complex, and when non-farm payrolls fall -140K. Would you say this is “normal?”
Regarding inflation expectations, interest rates rose rapidly along the Treasury yield curve with the 10-year T-Note yield rising from 0.93% (93basis points) from its close on January 4th to 1.12% (112 basis points) by close of business on Friday January 8th. The rise was 19
Select Sector 
Select Country 
