The Market Is Disregarding What the Fed Is Saying About Rates
- Hawkish chatter hasn’t chased investors away from risky assets
- Traders poured $2 billion into tech last week, most in months
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The Wall Street axiom warns to “never fight the Fed.” But that’s exactly what traders are doing, and it could spark a rally in some of the forgotten corners of the stock market.
Federal Reserve forecasts and comments from central bankers couldn’t be more clear. Investors are being warned that interest rates will stay higher for longer than they’d expected, with the median projection from Fed officials calling for one interest rate cut this year.