Latest / Markets with Megan: A Quick Financial Markets Update
Dissecting Federal Reserve Comments and Market Impact | Episode 069 | 11-09-23
In this episode, we'll dissect the recent market shifts triggered by a crucial Federal Reserve speech and explore the impact of a notably weak 30-year Treasury bond auction.
We'll walk you through the unexpected comments from Fed Chairman Jerome Powell, highlighting the deviation from the market's previous expectations post-November 1st. Despite a significant equity rally, the Fed stands firm – no interest rate cuts are on the horizon. Powell emphasizes their commitment to addressing inflation, indicating that rate hikes are still on the table.
What happened? A substantial sell-off in both…
The skinny
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