Powell turns less hawkish

 Powell Turns Less Hawkish—-11/28/2018

Fed Chair Powell gave a speech in which he said that interest rates are closer to neutral rather than still accomodative. This has eased the markets concerns that he was going to keep the hammer down and raise rates indefinitely, which would run the risk of destroying the economy. As I type this, the Dow is up over 500 points today.


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