Business
What ASX 200 investors should know about the US Federal Reserve announcement
In an article I penned yesterday I wrote, “The consensus is that no matter what US Federal Reserve Chairman Jerome Powell tells the press today (overnight Aussie time), it will impact S&P/ASX 200 Index shares.” (You can find that article here.)
Well yesterday, overnight for you and me, Powell did speak to the press in a virtual conference. And indeed US share markets reacted immediately. Though the impact on the ASX 200 appears muted.
The Dow Jones Industrial Average (INDEXDJX: .DJI), for example, gained 0.6% in the 30 or so minutes following Powell’s speech. It closed the day up… 0.6%.
The power of the US Fed’s Powell…
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