U.S. stock indexes opened lower on Wednesday, as investors waited to hear from a cluster of Federal Reserve speakers.
What’s driving the markets? Stocks rallied Tuesday in volatile trade after Fed Chairman Jerome Powell predicted a sharp decline in inflation this year, but also said more interest-rate hikes will be needed. Investors will get fresh insight from Fed officials on Wednesday, kicking off with an appearance by New York President John Williams at 9:15 a.m. Eastern, followed by Fed Gov. Lisa Cook at 9:30 a.m., Vice Chair Michael Barr and Atlanta President Raphael Bostic at 10 a.m., Minneapolis President Neel Kashkari at 12:30 a.m., then Fed Gov. Christopher Waller at 1:45 p.m.
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Awful stock market analysts, Wall Street economists are costing investors moneyI've been a Wall Street economist for 15 years. The deluge of crappy analysis being spouted by so-called 'experts' has never been worse. Thank you for saying this It could be said for journalism in general; political, financial, social, education, …, every aspect Folk chase the dollar their media business is after and not the integrity of their chosen field If you can convince people the market is going to crash, the market is going to crash. Sound like the media also.
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