Federal Reserve chair Jerome Powell's recent shift in policy has stunned Wall Street. Powell attempted to balance interest rate hikes with cuts, but the market appears to have the upper hand, causing stocks and bonds to surge. Despite efforts by Fed officials to temper market exuberance, the impact seems limited, leading to confusion over the timing and pace of future rate cuts.
Powell’s Pivot Sows Confusion Over When and How Fast Fed Will Cut https://t.co/xurpIYGBW6
Fed officials are trying to push back against market exuberance unleashed by Powell. It isn’t working. https://t.co/oKKMYVQ2vV
Investors think Federal Reserve chair Jerome Powell has finally pivoted away from his war on inflation, and that’s causing stocks, bonds, and everything else to soar. https://t.co/6Z4OocfYac
After all that, Powell folded. He tried to balance hikes with cuts, but the market has the Fed pinned. https://t.co/0L669efJ7W
"The Fed No Longer Cares How Easy The Market Is": A Stunned Wall Street Reacts To Powell's Jarring Pivot https://t.co/Pze3AJCTun