Stocks are plunging because the Fed 'cannot lose the battle' on inflation

Call it a delayed reaction, but the Federal Reserve’s signal that its main policy rate will likely peak above 5% and say there for a while was getting the blame for Thursday’s painful stock-market rout.

The S&P 500 index SPX was off 2.5%, heading for its worst daily drop in three months, with losses in its rate-sensitive communication services and information technology sectors leading the way lower. Those sectors were down 4.1% and 3.6%, respectively, at last check, according to FactSet. Top executives at Wall Street’s largest banks, including JPMorgan Chase JPM CEO Jamie Dimon, have been stepping up warnings about how high inflation risks sparking an economic recession in 2023.

Rate-cut hopes dashed Central bankers still hope a strong labor market means a U.S. economic “hard landing” can be avoided as they work to contain price pressures on consumers that in November retreated to 7%, but were still far from its 2% annual target. Hogan, however, cautioned that investors might be “overreacting” to this shift in expectations, since the Fed rarely makes good on its projections of where rates might peak, adding that the central bank doesn’t have “a history of accuracy.”

Biden Administration and the Fed are destroying our country.

so far

What they are doing is causing stagflation

Is MarketWatch going to do a report about how much money the Fed is now losing per month and when the Fed is going to be insolvent. What happens when the Fed is insolvent and headed toward bankruptcy? Do they go to the US govt whose debt they have been monetizing for a bailout?

The market sucks because the FED exists. 98% decrease in purchasing power of dollar since the FED aka Fraud was created.

Thought that was a middle finger at first. Had to double take.

Central banks & the Fed are cashing in

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow ends up 105 points Tuesday, stocks post back-to-back gains as inflation data coolsU.S. stocks closed higher Tuesday in a choppy session, after the latest CPI data showed inflation continued to retreat from its June peak. The Dow Jones Industrial Average rose about 105 points, or 0.3%, ending near 34,110: And yet
Source: MarketWatch - 🏆 3. / 97 Read more »

Global stocks inch higher on U.S. data, with Fed in focus By Reuters*GLOBAL STOCKS INCH LOWER AS CAUTION SETS IN AHEAD OF KEY FED RATE DECISION - daddy Jerome pls give me 75bps 75BPSはダメ🙅‍♂️🙅‍♀️🙅 75 bps will be good. But no, he's going to annonce 50 bps
Source: Investingcom - 🏆 450. / 53 Read more »

MarketWatch Live: Stocks struggle for direction ahead of Fed decision, Powell commentsFollow all the action in U.S. markets on Wednesday.
Source: MarketWatch - 🏆 3. / 97 Read more »

US stocks fall after Fed hikes rates, signals more to comeStocks turned lower on Wall Street and Treasury yields rose after the Federal Reserve raised its benchmark interest rate and signaled more hikes ahead
Source: WOKVNews - 🏆 247. / 63 Read more »

Stocks stumble after Fed hikes rates, signals more to comeStocks ended lower in bumpy trading on Wall Street after the Federal Reserve raised its benchmark interest rate in its fight against inflation and signaled that more hikes lay ahead
Source: WOKVNews - 🏆 247. / 63 Read more »

Stocks dip after Fed raises key rates another half-point -SAN DIEGO (KUSI) – On Wednesday, Dec. 14, the Federal Reserve announced it will be hiking interest rates an additional half point to reinforce their fight against inflation. The key short term rate for U.S. loans is now 4.25-4.75%. The Fed has repeatedly increased interest rates in hopes of a “soft landing” as the nation faces a potential recession. This... federalreserve Why do we need the fed? Decentralised currency is the only way. Anything else is slavery. We are at 31 trillion in debt. Impossible to pay back. Guess it’s great news for the bloodline’s children. They are free. We will never be if this doesn’t change.
Source: KUSINews - 🏆 241. / 63 Read more »