Fed's Stop-and-Go Policy Rattles Stock-Market Investors.
TL;DR Summary
The Federal Reserve may struggle to sound credibly hawkish if it pauses on Wednesday, given the fact that policy makers have been data dependent, according to strategist Gennadiy Goldberg of TD Securities. The monthly core rate rose by 0.4% in May for the third month in a row, while the increase in the past 12 months came in at 5.3%. This raises the possibility that once investors’ enthusiasm over Tuesday’s data wears off, U.S. markets could be rattled.
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