
Closing Bell: Fire in the hole! Stocks plummet on Powell speech 8/26/22
Closing Bell
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Is the Fed Really Trying to Rejuvenate the Economy?
The market tends to over react in the very near term, and then recalibrates as time goes by. I don't think he says anything newnd, the members have been saying all of this for the previous two weeks. So i liked the shortened speech and the lack of taking questions, but i don't think there's a lot of new information there. The economy is slowing. The bond markets teled us we're going into recession. And so the fed has to be very careful as they hite from here,. Not to really add expedetially to the downsight in the economy. We do have to dab down more than 900 s and p don more than a three %
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