June 21, 2021
The Fed is once again shaking the financial world as tapering signals are trickling in. St. Louis Fed President Bullard sees interest rate rises in early 2022, even though Powell says bond tapering is ‘a ways away’. Japan is moving in the opposite direction, as people expect interest rates to stay low. Asia’s low interest rates boosted their market as Japan’s NIK was up .3%, Hong Kong’s HSI was up .7%. Japan enters a two-day policy summit and many are expecting them to maintain their dovish easing. Conversely, markets in the US reacted negatively to anticipation of Fed hikes. The big winners were tech stocks, though, as the likes of Apple
