The fate of the market this year could be in the hands of the 'Powell Put'

In a Fed connotation, a put would be a point at which Powell would not let the market fall below before he steps in with more stimulus.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street Beware: There Is No 'Powell Put' At The FedInstead of suspecting some insidious 'Powell Put,' markets might want to consider the possibility that the Fed is actually doing the right thing – paying attention to the economic data, finding it underwhelming, and pausing its monetary tightening accordingly.
Read more »

How a dovish Fed could put stock market on path for a ‘late 90s style meltup’One strategist sees echoes of the Fed’s 1998 reaction to economic turmoil in the central bank’s policy pivot. That could set the stage for a stock-market meltup that echoes the rally ahead of the bursting of the tech bubble, he says.
Read more »

Mnuchin says Fed Chief Powell gave Trump an overview of the economy at White House dinnerTreasury Secretary Steven Mnuchin spoke to CNBC's 'Squawk Box' on Wednesday.
Read more »

Fed's Powell repeats that U.S. economy is in 'a good place'Federal Reserve Chairman Jerome Powell said on Wednesday the U.S. economy remain...
Read more »

The Powell-Trump meeting 'mostly just politics' but is helping soothe the marketTrump and Powell finally met face-to-face, giving the leaders a chance to communicate and helping to remove one small layer of uncertainty.
Read more »

Fed Chairman Powell met with Trump for an 'informal dinner' to discuss the economyFederal Reserve Chairman Jerome Powell and Vice Chair Richard Clarida had dinner on Monday with President Donald Trump and Treasury Secretary Steven Mnuchin at the White House, according to a statement from the Fed.
Read more »

Trump just had dinner with Federal Reserve Chair Powell, a frequent target of the president’s ireThe Fed says Trump and Powell did not discuss the future path of U.S. interest rates at dinner, although the president has made it clear he does not want rates to rise any more.
Read more »