The Fed just told the market exactly what it wanted to hear
|01/31/2019||Posted by BusinessMediaguide.Com under General World News||
- The Federal Reserve held its key interest rate unchanged Wednesday. That, combined with the central bank’s subsequent commentary, sent stocks soaring higher.
- The Fed’s decision and ensuing comments were, in many ways, exactly what the market wanted to hear.
- The whole ordeal marked a reversal from the Fed’s prior comments that promised further balance-sheet shrinkage over a long period.
Federal Reserve Chair Jerome Powell just told Wall Street that he’s sitting at the controls with his hands firmly on the stick, feeling refreshed and well-caffeinated, and the Fed’s balance sheet isn’t on “automatic pilot,” no sir. Not only that, the read more >>>