Fed Pours Cold Water On Equity Rally
The markets got a bit of a shock last week as Fed Chairman Powell doused market hopes for a rate slowdown.
The markets got a bit of a shock last week as Fed Chairman Powell doused market hopes for a rate slowdown.
Fed Chairman Powell wanted to make sure markets didn't forget him this week as he seemingly pulled the rug out from investor's hopes of a "soft pivot."
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All major equity sectors except for one were higher last week.
The Fed is the ultimate gambler, especially when it's "house money." All of last year we were told that inflation was "transitory" and the Fed was late to address the rise in consumer prices.
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