BY: MARSHALL BARTLETT
Senior Vice President / Portfolio Manager
(615) 591-0611 email@example.com
In the comments following yesterday’s Federal Reserve meeting, chair Jerome Powell restated their intention to remain patient with interest rate policy in the months ahead. While that stance was expected, one result was the U.S. dollar weakening against other currencies following the announcement, with the DXY index falling to the low 95 level. A weaker U.S. dollar could prove to provide support to multinational companies, some of which have cited a stronger U.S. dollar placing pressure on earnings in recent quarterly reports. Bond yields decreased and equities rose in yesterday’s trading following the announcement. This morning, equity futures are mixed heading into the market open.
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