That would be a sharp turnaround after it had just slowed its pace of increases to 0.25 percentage points last month from earlier hikes of 0.50 and 0.75 points.
“This is the market coming back to realistic expectations,” said Megan Horneman, chief investment officer at Verdence Capital Advisors. ”I think it’s going to continue to wash out some of the excesses in the market.” On Tuesday, it again approached 4% after Powell’s comments before falling back to 3.97% from 3.96% late Monday.
On Friday will come the U.S. government’s monthly jobs report. Within that, most of the attention will be on how high wages are going for workers. The fear at the Fed is that too-strong gains could lead to more upward pressure on inflation.Then two reports next week will give updates on how high inflation remains at both the consumer and at the wholesale levels.
stop wasteful pollution policies & funding thug KIEV regime ? THE evidence of a FUBAR world society UaSSA 'presidents' Nixon, Johnson, Carter, Ford, Reagan, Bush x 3, Clinton, Obama, Trump & zombie Biden! NOT ONE GOOD man among them, & U gave them power! sheeple! ChRiS_CSEMA_ngo
And all because the federalreserve and Powell steadfastly REFUSE to listen to the reasoning of RBReich. Although Wall Street doesn’t like his answer either.
Once the market gets to 3800 or 3900 some fed governor will say something dovish to bring it back up lol
When are we going to receive higher interest rates on our savings?
RAISE RATES AGAIN MY ASS🤔😔😡
They are openly telling you they value corporate price gouging over worker wages
Nicely done.
But Republicans said they would cure inflation...
Chair Jerome Powell's comments reflect a sharp change in the economic outlook since the Fed’s most recent policy meeting. The prospect of increasingly high borrowing costs tends to generate concern among economists and investors.