MICHAEL JAMES, MANAGING DIRECTOR OF EQUITY TRADING AT WEDBUSH SECURITIES, LOS ANGELES
“A number of Fed governors indicated a slowing within the tempo of charge hikes, which is just about precisely what fairness markets wanted to listen to. They did not say they are going to be pausing. Merely the truth that they are going to be slowing the tempo confirms what nearly all of individuals have been hoping to see. That is why you are seeing an fairness spike initially. Clearly, we’ll see the place issues go within the subsequent two hours.”
“What fairness markets wanted to see for the current power to proceed was what we bought from the minutes.”
Sounds good to me!
https://www.reuters.com/markets/rates-bonds/substantial-majority-fed-officials-see-rate-hikes-slowing-soon-minutes-show-2022-11-23/
