Markets gone wild
Jay Powell announces he might be thinking about announcing something at some point. And the markets go wild.
Unhedged · Financial Times & Pushkin Industries
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Show Notes
Last week’s Fed statements revealed that its Open Market Committee was thinking about the possibility of interest rate cuts at some point, and the markets responded with insane glee, unexpectedly sending the S&P 500 up to nearly an all-time high. Today on the show, hosts Katie Martin and Rob Armstrong try to figure out what exactly it all means, and what could derail the suddenly rosy future. Also, we go long fraud and short Christmas cards.
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