Daily Market Review: Fed’s Powell Announces New Inflation Stance, Canada GDP on the Agenda
Channel: JFD Brokers
Date: 2020-08-28

Daily Market Review by Charalambos Pissouros

Although EU indices closed their Thursday session in the red, most US and Asian ones traded in green waters as Fed Chair Powell announced that the Fed will now target a 2% average inflation, which means ultra-loose policy for longer. As for today, the main item on the calendar is Canada’s GDP for June and Q2 as a whole. What’s more, at the time of writing, reports hit the wires that Japanese PM Shinzo Abe is set to resign due to health reasons.

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