To temper elevated inflation, Federal Reserve Chairman Jerome Powell said the central bank intends to raise short-term interest rates in mid-March. Photo: Federal Reserve.
To temper elevated inflation, Federal Reserve Chairman Jerome Powell said the central bank intends to raise short-term interest rates in mid-March. Photo: Federal Reserve
A 0.25% rise in interest rates... to combat 7+% inflation. Yeah, got it.
On one hand he should have never spoke as the Fed report said all that was needed. The amazing thing is I sat thru his talk & read the report beforehand didn’t hear any difference. On the other hand what I believe happened was Algos initiated selling at the apex driving stocks⬇️
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