Category: vanished

  • Jerome Powell Offered Markets a Reprieve. It Vanished in a Blink

    Jerome Powell Offered Markets a Reprieve. It Vanished in a Blink

    (Bloomberg) — Wall Street traders cheered Wednesday when Federal Reserve Chair Jerome Powell signaled he doesn’t expect imminent interest rate hikes despite inflationary pressures. The celebration did not last long. Most read from Bloomberg Briefly, US stocks rose to unleash their biggest post-policy meeting rally since December, while Treasury yields…