Business
Powell says ‘disorderly’ market conditions would concern him – The Australian Financial Review
The Federal Reserve chairman’s comments failed, at least initially, to assuage investors as US government bonds extended their losses.
In answer to questions about inflation concerns, Powell said its more likely that prices move up in the next year but dont stay up, and certainly not staying up to the point where they would move inflation expectations materially above 2 per cent.
Ten-year Treasuries extended losses and inflation expectations reached new session highs as Powell proceeded, with some traders disappointed that the Fed chairman didnt provide an specifics on what the central could possibly due to tamp down long-term…
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