Powell’s words
Powell said inflation lacks further progress so far in reaching their 2% goal. He added that it will likely take longer than expected to reach their goal.
As such, the Fed is prepared to keep rates unchanged at current rate for as long as it is needed to bring inflation down.
These words are leaning towards hawkish. Looks like June’s cut is very likely not to happen now.
If this high interest rate environment goes on, it’s not good for the market.
As such, the Fed is prepared to keep rates unchanged at current rate for as long as it is needed to bring inflation down.
These words are leaning towards hawkish. Looks like June’s cut is very likely not to happen now.
If this high interest rate environment goes on, it’s not good for the market.
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san_ : There is no need to wait for interest rate cuts; as long as economic fundamentals are good, the general market will rise whether interest rates are cut or not. With poor fundamentals and rising unemployment, interest rate cuts should be used to ease the plight of small and medium-sized enterprises.
In the ideal situation, with good fundamentals and easing inflation, then the market is about to soar
LightWhat : Besides interest rate cut which still in forcasting to nowhere, inflation remain high for too long period of time, economy still growing strong above norm, ya but “if” just be onwards that Q1 corporate earning stalled (no drop) and below “analysts” expectations, I doubt the market will continuing staying at this level from now. A small pullback of 3-4% still remain small if compare with 10% of so called in correction mode.
I am worry market will continue pullback back base on TA as for now. Today ASML Q1 earnings might serve as true warning signal vs the outlook they gave in 2023Q4 are completely opposite especially related to semiconductor, AI related sector.
Cow Moo-neyOP LightWhat: Valid points.
OceansWave : The market is going down because whatever we have right now, are priced in initially with rate cuts in mind.. now the correction is taking place and I hope these so-called “ANAL”-YST can be more practical in pricing anything.. it’s best not to price as potentially the “higher for longer” will start now… Sept - Nov.. most will say Sept because of election in Nov… both Dem and Rep wants it early to win votes… but nevertheless the Feds dun care what politicians think… which is good..
Cow Moo-neyOP OceansWave: Yeah, too much has been priced in for a cut in June, as well as 3 cuts this year. It’s a reality check now
ISTJ : Sigh… let’s hope no more rate hikes at least…
118407 :
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