Markets React to Powell’s Cautious Outlook on Valuations and Inflation
TL;DR Summary
Markets declined after Fed Chair Powell warned that equity prices are 'fairly highly valued,' signaling caution about potential overvaluation and future rate hikes, with tech stocks especially affected amid skepticism over Nvidia's AI deal; global markets showed mixed reactions.
- Markets are selling off after Powell said six words investors don’t want to hear: ‘Equity prices are fairly highly valued’ Fortune
- Fed Chief Powell says stock prices appear 'fairly highly valued' CNBC
- Morning Bid: A delicate balancing act Reuters
- Powell Describes Rates as ‘Modestly Restrictive,’ Keeping Door Open to Cuts The Wall Street Journal
- Fed can’t ignore the risk of higher inflation, Powell says CNN
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