RE:RE:RE:RE:DOW +600 Nasdaq +200Td, we are moving from "transitory" to "soft landing"
I have a feeling I am going to get tired of that term very quickly lol
topdown99 wrote: Point taken Re:midterms Wolf although I don't think he is really interested in tipping over the "economy" cart . All in all , it was a good May the 4th , lol
BayStreetWolfTO wrote: Td, as I expected JP had to be less agressive. You have midterms coming. JP ruled out getting even more aggressive.
Great for oil prices
"Stocks jumped on Wednesday in a relief rally from their 2022 doldrums after the Federal Reserve raised rates by a widely anticipated half percentage point and Chairman Jerome Powell ruled out getting even more aggressive in the central bank’s inflation-fighting campaign."
topdown99 wrote: I had this concept in a post yesterday , I never heard Powell's commentary of Q&A but by the look of the market they are happy it was 50 , not 75points and the comments must have been classified as more dove-ish than hawk-ish