Stocks higher. Dollar lower. Gold a bit higher
The comments from Powell were perceived to be a bit more dovish/less hawkish. He stepped back some of his comments that sent the stock market lower in December.
At the start of the panel discussion the snapshot of the markets showed the following:
- EURUSD 1.1354
- GBPUSD 1.2627
- USDJPY 108.28
At the conclusion, the dollar was lower with the:
- EURUSD 1.1407, +53 pips
- GBPUSD 1.2722, +95 pips
- USDJPY, 108.30, +2 pips
In the stock market in the US:
- S&P, 2494.69
- Nasdaq 6611.73
- Dow 23101.52
At the conclusion, stock indices were higher:
- S&P, 2519.55, +24 points
- Nasdaq 6701.64, +90 points
- Dow 23318.64, +217 points
In the debt market:
- 2 year 2.479%
- 10 year 2.637%
- 30 year 2.969%
After the speech yields were higher:
- 2 year 2.492%, +1.3 bps
- 10 year 2.661%, up 2.4 bps
- 30 year 2.985%, up 1.6 bps
Gold was at $1280.32 at the start and at $1282.98 after (+$2.00)