The markets did NOT like what the Fed said that’s for sure. Everything was well under water today. I wonder and this is only a guess if the Fed is relying on tough talk will help and does not actually plan on getting aggressive. Because what they propose will destroy the housing market and put mortgage holders at high risk. Not to mention the debt servicing will kill us for the nation.
Yeah, the stock market really got crushed today. I’m not sure why that happened. No doubt, some investors were hoping to hear the Fed hint at a pause in rate hikes, and that didn’t happen. Instead they got a fairly hawkish statement from Powell.