Markets Favour Fed Comments over Trump Rhetoric
Donald Trump’s address to congress failed to stir markets. Instead, investors focused on the Federal Reserve. Fed policymakers announced on Tuesday that a detailed description of a tax recode reform was not needed to raise rates. This sentiment from the Fed rallied the greenback. US indices are rising on the back of the hawkish Fed. The odds for an increase in borrowing costs in March have lifted to 60%, which has elevated the dollar to $1.054 against the euro.
Read More
