Inflation? “Not yet.” Reset Markets? “Not yet.” Tapering? “Not yet.”
Fed Chairman Jerome Powell quietened the market with just two words on Wednesday: “Not yet.” Powell’s comment sent yield on the 10-year Treasury bond tumbling and helped equity markets in US and Europe to recover from deep red to green. The US indices ended in the green, while the US dollar slumped over 0.5 per cent. “Not yet” to the expectation that the US Federal Reserve have to move earlier than expected to taper its bond purchases and consider interest rate hikes. "Tapering" is the gradual reversal of a quantitative easing policy implemented by a central bank to st
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