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Skeptics of Fed Pivot Vindicated as Stocks Sink on Jobs Report.

Authors :
Wang, Lu
Karsh, Melissa
Source :
Bloomberg.com; 10/7/2022, pN.PAG-N.PAG, 1p
Publication Year :
2022

Abstract

(Bloomberg) -- The fast money refused to join the crowd betting the Federal Reserve was about to make a friendly shift in monetary policy. Even with Fed officials beating back notions that a policy pivot is in the offing, the S&P 500 jumped more than 4% in the four days leading up to the jobs data. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
159546680