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Powell has to walk verbal tightrope as market could pounce on interest-rate clues in either direction

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Powell has to walk a verbal tightrope, as the market could pounce on interest-rate clues in either direction

Federal Reserve Chairman Jerome Powell faces a tough task on Wednesday, trying to steer clear of word choices that might kickoff a market overreaction, economists said. Making his life tougher is the fact that Wall Street is already unhappy with some of Powell’s recent communications efforts.

Stephen Stanley, chief economist at Amherst Pierpont, thinks the Fed is only firmly on hold for the next three meetings. “There is not a lot of love” for the Fed chairman on Wall Street, said Michael Gapen, chief U.S. economist at Barclays.

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Investors brace for a roller-coaster week ahead with Fed decision and Apple, Alphabet earningsFed Chairman Jerome Powell is expected to emphasize that the Fed is patient and will hold interest rates steady. Relax, The Fed has been neutered. Roller coaster? Naw.....feds in a sleep no worries. rate increase PLEASE PLEASE PLEASE!
Source: CNBC - 🏆 12. / 72 Read more »