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Fed minutes could upset markets
video Global markets continue to be torn between conflicting narratives, as concerns around a flare-up in US virus cases clash with hopes that a tidal wave of stimulus will cushion the damage. This dichotomy is keeping the dollar and US stocks trapped in ‘no man’s land’, with both assets moving mostly sideways as investors wait for something big enough to tip the scales. Hence why this week might be pivotal. Important events begin on Tuesday, when Fed chief Powell appears before Congress to update lawmakers on the economic response to the crisis. That said, we’ve heard Powell speak many times lately, so any ... (full story)
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