It’s Christmas on Wall Street as the long-awaited pivot is here, with Jerome Powell announcing the Fed’s giving up on inflation and turning to that long-promised recession. The so-called Federal Reserve dot-plot, which measures Fed members' rate projections, went dovish -- meaning inflationary -- for the first time since the pandemic.
Fed delivers the Champagne to Wall Street
Fed delivers the Champagne to Wall Street
Fed delivers the Champagne to Wall Street
It’s Christmas on Wall Street as the long-awaited pivot is here, with Jerome Powell announcing the Fed’s giving up on inflation and turning to that long-promised recession. The so-called Federal Reserve dot-plot, which measures Fed members' rate projections, went dovish -- meaning inflationary -- for the first time since the pandemic.