Market Review from Realm Investment Management – week ending 16th December 2022
On Tuesday, a lower-than-expected U.S. inflation reading of 7.1% increased confidence that the Federal Reserve would slow its tightening policy. Stocks rallied and the Dollar fell.
At the end of the Federal Reserve’s two-day policy meeting on Wednesday, the central bank duly delivered the expected 0.5% hike in interest rates but stocks fell after an suggestion from Fed Chair Jerome Powell that interest rates would stay elevated for some time. This despite indications that
Full report
https://realmim.com/powell-suggested-rates-will-stay-high-for-some-time-markets-did-not-like-it/
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