The Main Event: Powell Speech Front And Center After Mixed Messages From Fed
As the saying goes, welcome to the main event.
Federal Reserve Chair Jerome Powell Full Remarks (Link In Body)
https://www.federalreserve.gov/newsevents/speech/powell20210827a.htm
South Korea’s Central Bank Raises Benchmark Rate For First Time In Nearly Two Years
South Korea has become the first major Asia-Pacific economic power to see its central bank raise interest rates since the start of the COVID-19 pandemic.
What Happened: The Bank of Korea upped its benchmark rate to 0.75%, a 25-basis-point increase from its 0.50% record low. This is the first increase in the nation’s benchmark rate since September 2018.