No hesitation comments from Fed Chair Powell to contain price pressures provided US equities with a much-needed boost, with all indices – Dow Jones, Nasdaq 100 and the S&P500 – ending yesterday’s session in the green. Fed Powell also noted that as the economy is in a much stronger position this time around, reducing asset purchases will happen at a quicker rate as the Fed attempts to shrink its balance sheet.

While equities are having a strong rebound, digital assets and cryptocurrencies are so far the worst performing with Bitcoin holding above $42K.

 

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