The Fed Is Circling The Wagons
Quite a bit of unusual hawkish talk from the Fed this week had the markets up and down in trading action.
Quite a bit of unusual hawkish talk from the Fed this week had the markets up and down in trading action.
This week has been a little uninspiring. Markets are down a little more than 1%, with momentum/growth names giving up some of the gains over the last few weeks.
Trading on Wednesday and Thursday stumped some market prognosticators as it seemed to be counter to what the Fed attempted to convey after their February FOMC meeting.
The Fed has the ability to move the markets these days with a sneeze or a cough from the mouth of Chairman Powell.
The Fed has taken a hard line on inflation, which has stolen any chance of a Santa Rally.
The Fed decided to dash the hopes of equity bulls this week as it announced a highly expected 50 basis point rate hike, but also signaled more rate hikes and a higher median/terminal rate.