Fed and Bank of Japan in the spotlight of traders today, corporate and international reviews
Market Reviews
• Ahead of Powell's speech at Jackson Hall today, the US stock market experienced a correction yesterday. The rebound was too fast and sharp. Treasury yields rose for the week after new data eased fears of a recession.In general, we are preparing for the calm summer to pass.
• The main story today was the yen rising 0.5% in Asia as Bank of Japan Governor Kazuo Ueda disappointed some by saying the central bank still plans to raise interest rates if the economy and inflation turn out as forecast. Fair enough. The market crash that prompted politicians to become more dovish...