Daily Market Commentary

November 30, 2021

Bonds & Stocks
Treasury futures knocked from high of the day on high volumes after Fed Chair Powell says the risk of higher inflation has increased.

Stocks extended losses after Federal Reserve Chair Jerome Powell said the risk of price pressures has increased, adding that it's time to retire the word "transitory" regarding inflation.

Federal Reserve Chair Jerome Powell, in his first public remarks on the omicron variant of the coronavirus, said it poses risks to both sides of the central bank's mandate to achieve stable prices and maximum employment.

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