Markets Offer Cryptic Response to Fed Guidance

Markets offer cryptic response to fed guidance

Bloomberg Quicktake: Now published this video item, entitled “Markets Offer Cryptic Response to Fed Guidance” – below is their description.

The Fed doesn’t offer investment advice, but it does offer “guidance”— and markets often draw unpredictable conclusions. On Nov. 2, Fed Chair Jerome Powell reiterated the Fed’s determination to maintain an upward course with rates, yet the market responded by pushing forward rate expectations lower. What’s the psychology behind market recalcitrance?  Presented by @cmegroup: https://www.cmegroup.com/openmarkets/economics.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_econ&utm_content=more_insights

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