Wall Street’s feel-good start to 2023 sets up perilous Fed day
Wall Street eyes are fixed on Federal Reserve Chairman Jerome Powell following recent large-scale market swings ”from hope to despair — largely based on speculation about what’s going on in Jay Powell’s brain,” says a Seven Investment Management strategist.
By Denitsa Tsekova / Bloomberg
Once-hated world stocks, bonds laced with interest-rate risk and even deadbeat crypto coins have just closed out a big new-year rally.
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