Time to Fight the Fed? Stocks Rally Faces Dashed Rate-Cut Hopes
A television station broadcasts Federal Reserve Chairman Jerome Powell speaking on the floor of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergIs good news about the economy bad news for the stock market once again?
That question is top of mind on Wall Street these days, as investors look ahead to key data on the labor market and inflation while Kevin Warsh awaits Senate confirmation as the next chair of the Federal Reserve with a presumed strong desire to lower interest rates.