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Broadly speaking, market observers expect that investors have already priced in how the Fed may proceed with interest rates. So long as this week's Fed meeting sticks to the consensus view, many observers expect stocks will breathe a sigh of relief. "This is one of the busiest of the days on Wednesday," said Art Hogan, chief market strategist at B.Riley Financial. Possibility for surprise Of course, the Fed meeting still has the potential to surprise investors. ET Wednesday while the Fed meeting wraps up at 2:00 p.m. and Powell's press conference starts a half hour later.
Persons: shrugging, Hogan, Dave Sekera, it's, Riley's Hogan, ChairJerome Powell, Powell, hasn't, Brian Nick, Nick, , I'd, Jeff Klingelhofer, Klingelhofer, Joshua Roberts Organizations: Federal Reserve, B.Riley, Morningstar, Fed, Macro, Bureau of Labor Statistics, Nvidia, Thornburg Investment Management, Federal Locations: U.S, Washington ,
"There may well be someplace where the Fed says they've turned the screws too hard. But, it's going to have to be something more exogenous," said Art Hogan, chief market strategist at B Riley Wealth Management. "If in fact there is a Fed put, it's certainly got a strike price that's much lower than where we are now." The Fed has had only limited success in slowing price increases, and a resilient labor market is pointing to continued inflation pressures. The result has been a Fed tightening policy more aggressively than it has done in at least 30 years, posing threats to economic and financial stability.
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