The S&P 500 fell 3.4 percent, its worst daily showing since mid-June, after the Federal Reserve chair spoke about the path ahead for monetary policy.
Tag: Powell, Jerome H
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At the Fed’s Big Conference, Investors Will Grasp for Hints About Rate Path
The Federal Reserve chair will speak at a key annual economics conference, which is focused on economic constraints. But investors will be listening for clues about the central bank’s path ahead.
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Federal Reserve Officials See Inflation Staying ‘Uncomfortably High’
Minutes from the Fed’s meeting in July showed officials remain committed to raising rates until inflation cools meaningfully.
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Good News on Jobs May Mean Bad News Later as Hiring Spree Defies Fed
Employers hired rapidly and paid more in July, suggesting the Federal Reserve may have to remain aggressive in its effort to cool the economy.
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We Can’t Let Bad Vibes Lead Us to a Recession
When we think about things like inflation and monetary policy, it’s best to frame them through people. And people are, of course, silly and messy.