Wall Street Confronts Fed Doubts as Bill Gross Sells Treasuries
A television station broadcasts Jerome Powell speaking after a FOMC meeting at the NYSE on Oct. 29.
Photographer: Michael Nagle/BloombergWall Street closed out October on a high. AI optimism, solid earnings, and easier financial conditions lifted stocks to their sixth consecutive month of gains while credit just notched its third straight advance.
But as risk assets surged afresh, the Federal Reserve sent a quieter, more complicated signal.