US was quite confident about the controlling of its inflation until April stared. As Israel demolished Iranian Embassy in Syria, geopolitical risks in Middle East surged. USA’s macro numbers were quite strong as well.
Today, Mr. Powell mentioned that ‘LONGER & HIGHER’ theme again on dollar’s interest rate. He has mentioned today that US economy need to focus on more about inflations.
US FED haven’t changed their target inflation level of 2% and there are still 1% or more gaps to fill. As Mr. Powell mentioned ‘LONGER & HIGHER’ again, US stock markets fell and dollar surged today.
US stock markets were downed today with Mr. Powell’s strong message.
DJ index was up 0.2% but S&P 500 index was downed by 0.2% and NASDAQ index was downed by 0.1%.
Earnings report continued today; Morgan Stanley was up 2.5% with better trading results but BOA’s stock was downed by 3.5%, as their interest profits fell below from the last quarter.
Mr. Powell’s strong warning message ‘LONGER & HIGHER’ killed those all appetite of the market. Market needs a kind of new kicks to…
