Powell Makes an Awkward Dance Partner


Just as we thought, the Fed disappointed the market with its wording concerning future rate cuts. Chairman Jerome Powell, signaled that policy makers weren’t convinced of the need to embark on a full-fledged round of easing at a time when the market expected at least three rate cuts.   The result: the stock market ($SPX) tanked, the U.S. dollar index rallied ($USD), gold ($GOLD) dropped and the yield curve flattened.  

https://app.box.com/s/oix38w239d1p8zqfewhgoflai5w90c6l

 

How do you rate this article?


0

0

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.