Fed, trade confusion upending Wall Street investment playbooks
As Federal Reserve Chair Jerome
Powell on Wednesday described why the central bank’s interest
rate cut should not be seen as the start of a lengthy easing
cycle, the U.S. stock market was losing value at a rate of over
$25 billion a minute.
Powell on Wednesday described why the central bank’s interest
rate cut should not be seen as the start of a lengthy easing
cycle, the U.S. stock market was losing value at a rate of over
$25 billion a minute.
Posted by Reuters