Latest Updates: Related to Inflation

Brief Market Joy Evaporates Post Fed Meeting


Yesterday, confident Fed talk boosted the DOW up 932 points, its biggest single day gain in over two years. Today, a sharp reversal clawed back every point and more. What’s particularly unnerving is that there doesn’t seem to be a real trigger to the drop. This morning’s second-tier economic releases were close to forecasts, and there were no Fed speakers or policy announcements introducing fresh concern. Investors may have wanted to believe Powell’s assertion that the FOMC will successfully orchestrate a soft landing, easing inflation gently down without tipping the economy into recession, but after further consideration it suddenly seems too tall an order. The tether we thought Powell had tied down yesterday snapped today, and it didn’t take much of a gust to do it.

Read the full article

Read more Economic Commentary

Learn More From HilltopSecurities

Powell’s Statement Offers Little Beyond Familiar Phrases

Bond Yields Climb on Hawkish Fed Talk and Debt Ceiling Hope

Thank you for visiting the HilltopSecurities website.
For best viewing experience, we recommend using Chrome, Firefox, Safari, or Microsoft Edge.