Powell exits, oil prices take the stage, hawkish tone heats up across the board—Wall Street comments on the Fed decision
The Fed remained on hold, yet Wall Street heard an even louder hawkish signal. Three dissenting votes against retaining an easing bias, inflationary pressure from surging oil prices, and Chairman Powell’s term nearing its end collectively pushed the market from rate-cut trading into more complex rate-hike risk pricing.
According