Published on 20 Oct 2023 on Benzinga

Investor Risk Sentiment Wavers Amid War, Interest Rate Concerns; Tesla Earnings Disappoint: The Week...

Volatility notably returned to the markets this week as investors navigated the escalating conflict between Israel and Hamas, remarks from Federal Reserve Chair Jerome Powell and mixed earning reports from leading U.S. corporations.

Powell Says Fed Can Proceed ‘Carefully,’ Warns Of Further Hikes If Data Remains Strong: During an event organized by the Economic Club of New York, Fed Chair Jerome Powell emphasized the need for a "careful" approach by the Federal Reserve that considers economic data. He also hinted that if the economy’s strength and inflation resurgence continue to surprise, further interest rate hikes may be on the horizon. It was a week marked by significant volatility in Treasuries, with yields reaching 5% on 10-year bonds.