Stocks took off a bit earlier this week with word from Mr. Powell that rate hikes may back off from the .75 to a .50 increase. This was certainly welcomed on the market on Wednesday, and signals a changing stance from what we’ve been hearing all along. Perhaps most welcomed was the statement that "We wouldn't...try to crash the economy and then clean up afterward."
I predict we’ll see that reduced hike of .50, and that we’ll continue to see it moderate over time. I’ll also come back to read later this month and next to see if that’s what actually happens!
What are your thoughts? Please leave a comment below.