Thoughts of an unsympathetic Fed take grip
NEW YORK: A small shift in language from Jerome Powell had major consequences for markets last week and has investors wondering how concerned they should be about the future.
Indexes bounced around like popcorn, meme stocks spiralled lower and volatility gauges surged in an anxious week for stocks, after the Federal Reserve (Fed) chairman said officials should weigh removing pandemic support faster and that inflation was no longer “transitory.”
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