Worries about a still-tight labor market weighed on stocks in recent days as investors feared the Fed had reasons to keep inflation higher for longer. Fed officials have said they expect rates to rise above 5%, emphasizing the need to keep rates elevated to combat inflation. Investors have been hoping for a pause or eventual pivot.
The Fed next meets in February, when it is expected to raise rates by a quarter of a percentage point. That would be a slower pace than the half-point hike in December and the three-quarter percentage point hikes at each of the four meetings before that. Tesla Inc shares were falling 5% after the electric vehicle maker cut prices in China for the second time in less than three months.
FED an Powell should be gone or abolished with the fed enablers or there sickos like trump , trickle down economics is a million % failure , with the strong jobs number Powell will continue the insanity of FED tightening an create a 4 alarm dumpster fire which he is
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