Week 8 review : Raising yield push DXY higher

This week major focus :

FOMC chair Powell's repeated insistence that policy will remain accommodative and mushrooming global recovery signals in a range of markets.

Next week preview :
Biden stimulus plan progress.

Pfizer, Moderna and J&J vaccine result .

Comment:

THE FED SAID IT WILL KEEP INTEREST RATES LOW?
Yes. The Federal Reserve has direct control over short-term interest rates, and Chair Jerome Powell told Congress this week it's in no hurry to raise them. It's also not planning to trim its $120 billion in monthly bond purchases used to put downward pressure on longer-term rates.

Powell said the Fed won’t raise its benchmark interest rate, now at its record low of zero to 0.25%, until inflation runs slightly above its 2% target level. Powell told Congress that while price increases might accelerate in coming months, those increases are expected to be temporary and not a sign of long-run inflation threats

Comment:

www.barchart.com/sto...near-party-line-vote

House Passes $1.9T Pandemic Bill On Near Party-Line Vote