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Snippet Markets’ Afternoon Call

Markets reacts positively with Powell’s recommendation for a second term



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A Snippet flash of the markets at this hour

[Monday, November 2021] – Major stock indices continue to rise in the US, and a sign of positive reaction to news that President Biden would nominate Jerome Powell for a second term as chairman of the Federal Reserve. In any case, unlike his first term, Powell may have to prioritize inflation at the risk of sacrificing jobs and accelerating the cycle of rising interest rates as early as 2022 – inflation, at 6.2% pa, is the biggest in 31 years. The feeling is that the perception of risk should start to increase in 2022, once the monetary tightening cycle starts, that is, even in the US liquidity should be reduced.

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