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What ASX 200 investors should know about the US Federal Reserve announcement

Sumary of What ASX 200 investors should know about the US Federal Reserve announcement:

  • Home / Share Market News / What ASX 200 investors should know about the US Federal Reserve announcement In an article I penned yesterday I wrote, “The consensus is that no matter what US Federal Reserve Chairman Jerome Powell tells the press today (overnight Aussie time), it will impact S&P/ASX 200 Index shares.”..
  • (You can find that article here.) Well yesterday, overnight for you and me, Powell did speak to the press in a virtual conference…
  • The power of the US Fed Powell to move share prices Powell words not only have the power to move individual share prices, but to impact share markets the world over…
  • And, as widely expected, Powell did his best to calm the growing market fears that inflation may be just over the horizon…
  • To keep borrowing rates low, Powell indicated that the central bank massive quantitative easing (QE) program will remain in place, saying:..
  • The majority of the Federal Open Market Committee also reiterated their view that interest rates in the world largest economy would remain at their current rock bottom level through 2024…
  • As Bloomberg noted, Powell was quick to point out this is still a minority view among the committee, saying, “The strong bulk of the committee is not showing a rate increase during this forecast period.”…

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