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Party in Stock Market Seen Closer to Last Call: Investors React

  • Stocks decline while yield on two-year Treasury notes spikes
  • Market ‘surprised’ so many Fed members forecast moves 2023
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Powell: Take Fed's Dot Plot 'With a Big Grain of Salt'
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An impressive afternoon rebound in equities failed to quell a sense among professional investors that rising hawkishness at the Federal Reserve is about to make it tougher for speculators.

While too soon to panic with rate hikes probably years away, strategists worried Wednesday’s meeting and forecasts would raise pressure at some of the market’s more exuberant fringes.