The Fed has satisfied the demand of the banking system for the US currency
If we travel back a year and discuss the mistakes made by investors, we will first of all recall that they were too excited about the idea of the U.S. recession following the S&P 500 crash at the end of 2018, being not confident in the Fed’s willingness to ease its monetary policy to mitigate the downturn. However, fast recovery of the US stock indexes and Jerome Powell’s dovish tone changed the market sentiment. The U.S. stock started rising, and the S&P 500 finishes 2019 with…
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