The Fed Wants You to Lose Money in Stocks and Probably Crypto, Too
The Fed wants to create a reverse wealth effect and get people that own assets to rethink some of their purchase habits and maybe slow demand.
The Fed wants to create a reverse wealth effect and get people that own assets to rethink some of their purchase habits and maybe slow demand.
Head of NY Fed brushed aside concerns central bank may once again have to call an early end to reductions of its large-scale asset holdings.
Stock market’s summer rally ended Friday as investors digested hawkish comments by Fed Chair Powell.
"People now understand the seriousness of our commitment to getting inflation back down to 2%." - Fed's Kashkari
While Powell's Jackson Hole speech was unequivocally hawkish, the market remains near-evenly divided about the outcome of next month’s policy meeting.
The Fed chair obviously chose to ignore data released just today that shows that current consumer level inflation is not exactly out of control.
Michele said. “I also don’t think the markets are adequately pricing in quantitative tightening. That hits in full force next month.”