After Jerome Powell’s press conference, all markets reacted aggressively and then swiftly retraced their moves as market sentiment shifted overnight.
The billionaire hedge funder previews a very tough period for the Fed.
It has become a rare occurrence these days but BTC went its own way, dropping on Tuesday as stocks rose.
The Fed might not act as decisively in tightening monetary policy if financial stability concerns start to outweigh the risk of fast inflation.
Bitcoin and ether fell to their lowest levels since July after Goldman Sachs predicted a faster pace of Fed tightening.
How will markets handle less Fed support for the bond markets and eventual interest rate increases?
Even while pressure mounts to taper its asset purchases, the central bank will continue its accommodative quantitative easing.
More sense of the changes coming ahead of today’s FOMC briefing.