About this episode
November seems likely for a potential Fed tapering announcement. Chairman Jerome Powell looks to possibly end support by the summer of 2022, with a rate hike later that year. The Dow and S&P react, closing in the green and ending a four-day losing streak, with bank stocks cheering the news. In China, Evergrande shares jump after the chairman pledges to prioritise shareholders, but doubts remain about an $83.5m interest rate payment on an offshore bond due today. And in Germany political campaigns enter the final stretch ahead of this Sunday’s election. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .