Last week was a turning point for the stock and bond markets… because the Federal Reserve’s tone on monetary policy changed. Since the central bank began raising interest rates in March 2022, there have been several important shifts. The first came in June 2022 when Chairman Jerome Powell said it would raise rates by 75 basis points to 1.75% because inflation growth was too hot. He stated rate hikes must remain aggressive moving forward.
The End of Rate Hikes Is a Tailwind for…
Last week was a turning point for the stock and bond markets… because the Federal Reserve’s tone on monetary policy changed. Since the central bank began raising interest rates in March 2022, there have been several important shifts. The first came in June 2022 when Chairman Jerome Powell said it would raise rates by 75 basis points to 1.75% because inflation growth was too hot. He stated rate hikes must remain aggressive moving forward.