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Headlines Aug 27th

8/27/2021

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​Fed's Powell: There is no direct rate-hike time signal in tapering. (DXY weakened, S&P 500 strengthened, Gold strengthened, US 10 Yr Yield weakened).
Fed's Powell: Inflation has reached the threshold that allows the tapering process to begin.
Fed's Bostic: It's reasonable to trim the bond-buying program beginning in October if US job gains remain firm.
Fed's Bostic: If August employment gains are comparable to those in June and July, the substantial progress threshold for beginning bond-buying tapering will be fulfilled.
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