Janet Yellen has spoken out and hasn't calmed the markets at the moment. The number one of the Federal Reserve has made it clear that the recovery of the economy is too slow not to go ahead with an expansionary rate policy, even if the same rates could be raised "sooner than expected, but only if the job market improves ”. At the moment, in fact, "too many Americans are still unemployed".
The immediate reaction of the US Stock Exchanges is negative: the indices on Wall Street have weakened and in some cases have turned into the red as soon as Yellen began her testimony to the Senate Banking Commission in which she said that "interest rates interest rates could rise earlier than expected and more rapidly if the labor market continues to improve faster than expected”.
Shortly after 16 pm in Italy, the Nasdaq dropped 8,36 points, 0,19%, to 4.432,06. The S&P 500 dropped 0,36 points, 0,02%, to 1.976,74. The Dow Jones trims the gains to +16,21 points, 0,09%, at 17.071,63. Piazza Affari does not react well either, which was already in abundantly negative territory but which gives the idea of worsening: around 16,30 the Ftse Mib recorded a -1,43% 20.442,39 points (he had already touched i 20.351,69 in the morning). As expected, the banks suffer above all, with the exception of Mps and Banco Popolare, in particular Unicredit and Intesa Sanpaolo. Stable the Btp-Bund spread above 160 basis points.
