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Economy

Focussed on Fed chair Powell, markets missed signs Fed would pause

Updated : February 02, 2019 06:40 AM IST

Dallas Fed President Robert Kaplan said that in coming months he will be keeping a weather eye on whether credit spreads "gap out" again, as well as business spending, corporate profits, and financial conditions.
Business spending already held down US GDP growth last year, figures from the third-quarter show.
The Powell Fed caught markets off guard with extremely dovish messaging both in its post-meeting statement and in the Fed chair's news conference that followed.
Focussed on Fed chair Powell, markets missed signs Fed would pause
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