“Investors, in the holiday spirit for yesterday’s CPI report, had their hopes dashed for a Santa Clause rally when Jerome Powell played Scrooge at the Fed meeting this afternoon,” she said, referring to the character from “A Christmas Carol.” “While the market had priced in a 50 basis point hike, and this is the highest rate in 15 years, Powell appeared as Scrooge and put coal in investors stockings with his hawkish tone.”
Well, what did you expect? Not everyone can afford to drink eggnogs this year.
Well, what did you expect? Not everyone can afford to drink eggnogs this year.
(because I'm the FED!)