Friday, August 27, 2021

Fed chair speech at Jackson hole

inflation is temporary

no rate hike in near future

but reduction in securities purchase (aka taper) is on the table at year end.

Gold rises after Jackson hole.

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10Y dropped under 5p ..

As French 10Y go higher than US ..! Both are right indicating slower growth from here; addionally, Crude near 100 is not helping ..!