Marshall Gittler’s weekly comment: the week in review

Two little words from Fed Chair Jerome Powell set the markets on fire this week. He said, “Interest rates…remain just below the broad range of estimates of the level that would be neutral for the economy…” The phrase “just below” is a huge change from last month, when he said rates were “a long way” from neutral, and that “we may go past neutral.” He also noted yesterday that the impacts of policy “may take a year or more to be fully realized.” Powell could be setting the stage for a pause in the Fed’s rate hiking cycle after the…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>