Fed meeting could be pivotal for stock market looking for 'knight in shining armor' [CNBC]
Comcast Corporation - Class A (CMCSA)
Last comcast corporation - class a earnings: 4/30 07:00 am
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Source: CNBC
Adam Jeffery | CNBC Jerome Powell, Chairman of the Federal Reserve, speaking at the New York Economic Club on Nov. 28th, 2018. The Fed may not be able to turn the tide for the stock market in the week ahead, but it could soothe some of the wild volatility that has been crushing stocks since October. The Fed is expected to raise interest rates Wednesday by a quarter point, and the pressure is on for Fed Chairman Jerome Powell to sound dovish — but not too dovish. Fed officials are also expected to revisit their fed funds rate forecasts and roll back some of the rate hikes expected in the next several years. Equities are hoping that the Fed is almost done or [for] signals that they're going to pause. I think it's too premature for them to do that, said George Goncalves, head of fixed income strategy at Nomura. The Fed was a little too optimistic for next year, and now they've got to come down. The recent price action is almost an overshoot on t
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