US Stock Indices Poised to Fall Further if Fed’s Brainard Turns Hawkish
Posted: Mon Sep 12, 2016 5:55 pm
This guest article was written by James Hyerczyk, financial analyst at FX Empire.
U.S. stocks ended Monday’s session sharply higher, after Fed Governor Lael Brainard said it would be wise for the central bank to keep monetary policy loose. This surprised traders because many thought she would offer hawkish commentary. As a result of her comments, all three major indices rallied late to close higher for the day.
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To some, Brainard’s comments may have taken a ... (read more)