After a Tough Week, Let’s Figure Out Our Next Move
This has been a rough week for the stock market. Share prices have been dropping since Tuesday, when higher-than-expected Consumer Price Index ( CPI ) numbers sent shockwaves around Wall Street. Traders have been adjusting their expectations for how aggressive they believe the Federal Reserve is going to be in raising interest rates to combat inflation. It still looks like most traders believe the Fed will only hike rates by 0.75% at its monetary policy meeting next week. But expectations for where the Fed will push the Federal Funds rate by the end of 2022 have risen from 4% to 4.5% during the past week. The headline inflation number was actually quite reasonable
After a Tough Week, Let’s Figure Out Our Next Move
This has been a rough week for the stock market. Share prices have been dropping since Tuesday, when higher-than-expected Consumer Price Index ( CPI ) numbers sent shockwaves around Wall Street. Traders have been adjusting their expectations for how aggressive they believe the Federal Reserve is going to be in raising interest rates to combat inflation. It still looks like most traders believe the Fed will only hike rates by 0.75% at its monetary policy meeting next week. But expectations for where the Fed will push the Federal Funds rate by the end of 2022 have risen from 4% to 4.5% during the past week. The headline inflation number was actually quite reasonable