Why good news is bad news on Wall Street | CNN Business

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المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Why good news is bad news on Wall Street

So why is good news taken as bad news on Wall Street? “The short answer is that as the economy continues to grow, particularly on the jobs front, that puts more pressure on the Federal Reserve to increase interest rates,” explains John Leer, chief economist at Morning Consult. Strong economic reports mean the Federal Reserve’s historic rate hikes may not be having the effect that they should, and Jerome Powell & Co. may need to raise rates for longer to slow the economy and cool inflation.

That may not sound like great news to you or me, but Wall Street took that reading as a sign the Fed’s medicine may be beginning to work. “One of the things that we’ve seen is that wage growth has been fairly strong and there’s the fear that wage growth is going to ultimately drive inflation higher,” Leer told me on CNN’s Early Start.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

To me NO news is good news 😌

IF I WAS CNN ID FIRE EVERYONE. They MISSED NEW YEARS AN MADE CNN LOOK LIKE A FOOL.

It almost always is… unless it’s not, like today

cnn blows

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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