CommSec’s Tom Piotrowski says markets “took in their stride” the words delivered from US Federal Reserve Chair Jerome Powell during his speech at a meeting of central banks last Friday. “He navigated a very delicate cause between the need to navigate economic outcomes, inflation, growth and interest rates,” Mr Piotrowski told Sky News Australia. “Market at face value seemed to take that reasonably well – we saw modest gains for US stocks. “These words had the ability to rile the markets if they were poorly placed and so they seem to hit the mark.” Presented by CommSec.
CommSec’s Tom Piotrowski says markets “took in their stride” the words delivered from US Federal Reserve Chair Jerome Powell during his speech at a meeting of central banks last Friday.
“He navigated a very delicate cause between the need to navigate economic outcomes, inflation, growth and interest rates,” Mr Piotrowski told Sky News Australia.“These words had the ability to rile the markets if they were poorly placed and so they seem to hit the mark.”
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