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cover of episode Hawkish Powell Remarks Accelerate Losses After PPI

Hawkish Powell Remarks Accelerate Losses After PPI

2024/11/14
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Schwab Market Update Audio

Chapters

Fed Chairman Powell's comments in Dallas suggest no hurry for rate cuts, leading to a drop in rate cut odds and extending Wall Street losses.
  • Powell emphasizes the need for careful approach to rate decisions.
  • Inflation is closer to the Fed's 2% goal but not yet there.
  • Volatility in fed funds trading indicates uncertainty about the Fed's next move.

Shownotes Transcript

Fed Chairman Powell said there's no hurry to cut rates, hurting rate-cut odds. Stocks, already down after PPI showed little inflation progress, fell for the third day in four.

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