This morning (PST), all three major US indices are in the green. Treasury yields seem to have slipped despite cautious tone from Federal Reserve Chairman during his policy speech in Atlanta that suggested that it would be premature to conclude if current fiscal policy is tight enough to bring inflation to its target. Investors seem to have gained confidence in soft landing eventuality as December appears to have started in the same mood as at the end of November.
On the SPOT™ blog (12/01/2023) [A..]
Updated: Dec 4, 2023