Yahoo Finance: "What experts are saying about the market’s reaction to Powell’s press conference"

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Yahoo Finance: "What experts are saying about the market’s reaction to Powell’s press conference"

Excerpt from Yahoo Finance quoting DataTrek’s Nick Colas:

Nick Colas, co-founder, DataTrek Research

“I think equities got a little too far out ahead of the Fed. Fed funds futures still think a rate cut this year is 50/50. But stocks may have shaded that more like 70/30 yesterday and Powell is more like 30/70 with his ‘transitory’ comment.”

Read the full article here on Yahoo Finance!