Fed Is Shifting the Goal Posts, and Investors Should Care

Two words in Federal Reserve Chairman Jerome Powell’s opening comments on Wednesday mattered: “transient” and “symmetric.”

The markets focused only on the first, with stocks and gold falling and bond yields rising as Mr. Powell described this year’s drop in inflation as transitory, implying less chance of interest-rate cuts.

Source:
https://www.wsj.com/articles/fed-is-shifting-the-goal-posts-and-investors-should-care-11556822636?mod=e2tw&fbclid=IwAR0rOXg3iZyRhiLz5jsAdta8KRyRPA_C84LcnHC_rZZsmCFpgZWFJI4Km5A

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