Jerome Powell

The message was 'somewhat hawkish'

Fastest economic expansion since 1984 expected

Commodities thrive where currencies dived

Covid-19 and US elections throw up shocks

Inflation to run above 2% 'for some time'

Inflation OK to climb 'above 2% over time'

Will address Senate Committee on Banking, Housing and Urban Affairs

Following the unprecedented falls across all financial markets in recent weeks, the safest government bond markets have had to become cash vaults for fund allocators trying to raise the liquidity needed to plug the fast-growing holes left by the equity,...