Asia Day Ahead: FED Chair Takes the stage with Breakneck Comments

Federal Reserve (Fed) Chair Jerome Powell took the stage yesterday with a series of hawkish comments and while Fed funds futures did not register much change in terms of interest rate expectations, US equities seem to take his words more seriously (DJIA -0.30%; S&P 500 -0.52%; Nasdaq -1.21%). The Fed Chair maintained his stance that … Read more