Stock Traders Coming to Grips With a Fed as Baffled as They Are
- Decade of allocation decisions being easy is over: Gokhman
- Tough to admit, but Fed doesn’t have crystal ball: Amoroso
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Fifty or 75? Headline or core? Prices at the pump and in the basket, or expectations for what they’ll one day be?
Traders looking to bet on the path of Federal Reserve policy and its impact on the economy griped about being flummoxed after Chair Jerome Powell’s press conference Wednesday. With precious little to base an investment case on, it took them less than a day to decide to sell everything.