US Open Note – Stocks stabilize and dollar strength lingers
Posted on June 22, 2021 at 1:41 pm GMTStocks level as yields support dollar; eyes on Fed Chair’s testimony US major indices are currently poised after yesterday’s rally that recaptured the ground lost after the Fed’s hawkish shift and indication that tapering is on the horizon, along with two interest rate hikes in 2023. Higher dot plot predictions alongside revised inflation and economic projections have slightly jolted markets. In general markets are reacting to employment and inflation more than other market drivers and risk appetite today appears subdued, [..]