AUTHOR
Mick Weinstein
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Powell reiterated that he doesn’t think the Fed will cut rates at its March meeting, signaling that mid-year would likely be a better time to introduce a cut, citing the need for more data to illustrate that recent gains in controlling inflation aren’t transitory.
Maybe the market would benefit just as much if it were not to get the quantitative easing round that so many investors want.
If the tariff news is generally good, then it’s a reason for optimism. If the adjustments turn out to be less meaningful, that can be overlooked if it means that the administration is willing to offer periodic bullish tidbits to the market.
The Fed, not prospect for US-China trade, is powering the stock market