Wall Street is ignoring the Fed. That could be dangerous – erienewsnow.com
As the Federal Reserve continues its inflation-fighting tightrope act, market moves suggest that investors may be feeling more at ease with the central bank’s actions. That’s not necessarily a good thing.
What’s happening: The Fed is widely expected to reduce the pace at which it is hiking rates to a quarter of a percentage point in its upcoming meeting in February, following a similar deceleration in December when it hiked by half a point instead of three-quarters.
The Fed has eased last year’s historically high interest rate increases and recent data suggests that the chances of a “soft landing” for the US economy have improved. Price increases are also moderating: December brought the sixth consecutive monthly fall in consumer price index (CPI) inflation to 6.5%.
This all means that investors are beginning to worry less about the Fed. To put it simply: Wall Street has bigger fish to fry.
In the past few weeks, market reactions to speeches by Federal Reserve governors and new…
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source: https://news.oneseocompany.com/2023/01/27/wall-street-is-ignoring-the-fed-that-could-be-dangerous-erienewsnowcom_2023012739789.html
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