Quote:
Originally Posted by albionmoonlight
I saw someone this morning call it "the most important FMOC meeting of our lives," which I am taking as a sign that I probably need to go touch some grass :-)
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Or smoke some soon-to-be-legalized "grass"!
Quote:
Originally Posted by Edward64
... and (new) hint that rate hikes may be in the picture.
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Happy I was somewhat wrong, he said below that hikes unlikely in next move. Markets are liking that.
But gotta say I hope this isn't another one of his "transitory" foopah and he has now missed a chance to nip it in the bud by raising rates.
Quote:
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The major averages leapt sharply higher Wednesday afternoon after Federal Reserve Chair Jerome Powell said it’s unlikely that the next policy rate move will be a hike.
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I did read somewhere that smaller banks (I think like < $10B or relatively peanuts) are under a lot of pressure with the higher rates already. The worry is even higher rates will cause some of them to fail.
EDIT: whoops, Jerome kept on talking and we went south