“Ultimately we’ll do the right thing,” but a rate hike as the next move is not anybody’s base case right now, Fed Chair Powell said.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPY:
- Powell says ‘good piece’ of normalizing done, ‘moved a good way on rates’
- Powell says no decision on plans after Fed Chair term ends, won’t discuss today
- Fed Chair Powell says ‘well positioned’ for risks to both mandates
- Powell repeats Fed policy ‘not on a preset course’
- Powell says getting through distortions in data from shutdown