Markets Lose Momentum, but Growth Stocks Rebound, and Time to Trade or Fade China? 1/9/23
CNBC's "Fast Money"
00:00
The Fed Isn't Trying to Wrangle the Markets Right?
The Fed is pretty much uniform and monolithic in their outlook Steve. I think Jerome Powell in October of 2018 was on sort of autopilot reducing the balance sheet raising rates but he got brow beat by the market into submission. He's not going to let up until he sees the labor market creating slack and wage gains coming down. The core service sector ex housing is the area to look at he believes that is driven by the tight labor market and so no let up from the fed until that particular area shows some improvement.
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