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From bnnbloomberg.ca
Federal Reserve Chairman Jerome Powell said interest rates were "just below" the so-called neutral range, dampening earlier comments suggesting greater distance and speculation. Central bankers are increasingly willing to suspend their series of hikes next year. Wall Street made the headlines with a recovery for Treasuries and a rise of more than 2% for major US stock indices. His comment "just below" tempered last month's remarks that markets were a sign of tightening. Speaking on Oct. 3, Powell said, "We can move beyond the neutral stage. But we are far from neutrality at this point, probably. "In his speech … (full story)
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