PEAK HAWKISHNESS

What the 'tourist is doing about Wall Street's change in mood

The other day, as I watched the market’s reaction to the FOMC press conference, I wondered if I had the wrong feed.

The market was freaking out because when asked if the Federal Reserve would consider a 50 basis points hike, Powell responded that anything was on the table. Huh? This question was totally useless. Of course the Fed Chair responded that he…