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Pause Was More Hawkish Than Market Was Anticipating

Powell is a man on a mission, and he remains on that mission, notes Danielle DiMartino Booth. She recaps the Fed announcement. According to the Fed, recent indicators suggest that economic activity has been expanding at a solid pace. Danielle talks about how this pause was a little more hawkish than the market was anticipating. She goes over how we saw an extraordinary amount of stimulus. She questions if there is there any marginal fiscal relief coming to the U.S. consumer? She also highlights that one of Powell’s focal points was that the consumer continues to consume. Tune in to find out more about the stock market today.

Market On Close

20 Sep 2023

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