Wall Street’s new era is off to rocky start as Fed sows doubts

Q: How long will it take to read this news story?

The story "Wall Street’s new era is off to rocky start as Fed sows doubts" has 887 words across 28 sentences, which will take approximately 4 - 8 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Wall Street’s new era is off to rocky start as Fed sows doubts" was covered 1 weeks ago by Business Mirror, a news publisher based in Philippines.

Q: How trustworthy is 'Business Mirror' news outlet?

Business Mirror is a fully independent (privately-owned) news outlet established in 2005 that covers mostly business and startups news. The outlet is headquartered in Philippines and publishes an average of 28 news stories per day. It's most recent story was published 12 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #22591993</li><li>URL: https://beamstart.com/news/wall-streets-new-era-is-17267446935171</li></ul>

Business Mirror Logo Business Mirror 1w ago

Wall Street’s new era is off to rocky start as Fed sows doubts - Business Mirror

Quick Summary:

Even with the half-point rate cut—the kind of aggressive move usually reserved for a recession or crisis—and more on the way, the investment backdrop was no more clear-cut than it was before.

That sanguine backdrop had led investors to bid up stocks to nearly unprecedented valuations at the time of a first rate cut: more than 25 times earnings over the last four quarters.

Traders however have struggled to predict the Fed’s path since inflation surged in the wake of the pandemic, and Powell’s dependence on incoming data means that it will be no easier even now that it’s changed course.