Market Turmoil Continues Despite Fed Actions
TL;DR Summary
Despite a 25bp rate hike and a worse dot plot than last time, bonds rallied due to a potential shift in policy tightening and Powell's comments on banking issues acting as de facto tightening. Powell effectively told banks that their friends will be making fewer loans or raising rates/hurdles for those loans.
- Why Bonds Are Rallying Despite a Fed Hike and a Stubborn Dot Plot Mortgage News Daily
- Fed Meeting Today, March 22, 2023: Dow, S&P 500 Close Lower After Interest Rate Hike The Wall Street Journal
- Dow Jones Falls 530 Points As Banks Lead Fed Sell-Off; Apple, 5 Titans Mask Market Weakness | Investor's Business Daily Investor's Business Daily
- Why Are Stocks Up Today? InvestorPlace
- Asian Markets Fall With Wall St After Fed Rate Hike, Warning Barron's
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
1 min
vs 2 min read
Condensed
80%
260 → 52 words
Want the full story? Read the original article
Read on Mortgage News Daily