Fed Watchers Say Markets Got It All Wrong on Powell "Pivot"

Bloomberg2022-07-28

Federal Reserve Chair Jerome Powell is raising interest rates at the steepest pace in a generation and he said Wednesday that another big increase is possible. Yet investors sent stocks surging on his...

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PBL77
2022-07-28
PBL77
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Arnoldy
2022-07-28
Arnoldy
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themonkey
2022-07-28
themonkey
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phongy 45
2022-07-28
phongy 45
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soosoo
2022-07-28
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Jyoo
2022-07-28
Jyoo
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Yet investors sent stocks surging on his...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-07-27/fed-watchers-say-markets-got-it-all-wrong-on-powell-pivot\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".DJI","symbol_name":"道琼斯","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2022-07-27/fed-watchers-say-markets-got-it-all-wrong-on-powell-pivot","article_id":"2254443393","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2254443393","pubTimestamp":1658974118,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Federal Reserve Chair Jerome Powell is raising interest rates at the steepest pace in a generation a","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"translate_title":"美联储观察人士表示，市场在鲍威尔的“支点”上完全搞错了","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9},"content_text":"Federal Reserve Chair Jerome Powell is raising interest rates at the steepest pace in a generation and he said Wednesday that another big increase is possible. Yet investors sent stocks surging on his comments that the hikes will eventually slow.Some Fed watchers say markets read Powell’s press conference too narrowly.Economists pointed out that the Fed’s top focus remains curbing inflation, even if it comes at a cost to employment, the other side of the central bank’s congressional mandate. In addition, Powell cited forecasts in mid-June that showed officials expected to raise rates to about 3.4% this year and 3.8% in 2023 -- projections that are above market expectations.That so-called dot plot, which the Fed will next update in September, were the best current guide of were the Fed was heading this year and into 2023, Powell said.“The markets shot first and asked questions later,” said Neil Dutta, head of US economic research at Renaissance Macro Research LLC. “I don’t think inflation is going to be cooperating in a way that makes cuts plausible. Powell said repeatedly the economy needs to slow down to meet their goals. 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