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…
-
Noosa News23 hours agoInside the final hours before Australian lawyer Christopher Saines died in Thai massage parlour
-
General21 hours agoGerman backpacker Carolina Wilga found alive in WA’s outback
-
Business23 hours agoHow $1,000 a month in this ASX ETF could turn into $500,000
-
Noosa News23 hours agoGrow it local | Noosa Today