, Columnist
The Fed and Nvidia Have One Thing in Common — Up
There were tactical reasons for a break from hikes, but the Fed looks determined to take rates higher. Nvidia’s stock price keeps going the same way.
This time, the dot plot wasn’t so easily discounted.
Photographer: Sarah Silbiger/BloombergThis article is for subscribers only.
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“Oh Lord, make me pure and chaste,” prayed St. Augustine of Hippo, “but not yet.” Most of us can recognize that dilemma, and it now appears that the Federal Open Market Committee does as well.