The Market Pines for a Fed Pivot. Why It Isn't Likely Soon.
www.barrons.com/articles/-fed-pivot-unlikely-51665604570?mod=hp_LEAD_1_B_2
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The stock market is trying to sniff out when the Federal Reserve will “pivot” on monetary policy. Until that actually happens, market rallies are likely to be short-lived.
When the Fed raises interest rates, it’s trying to reduce economic demand so that the rate of inflation can decline. At that point, worries about a steep recession could enter the fray.
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