JPOW just knows how to hit home runs, at first it was 'we are not actively considering raising interest rates.'
Then he raised interest rates...
Now he has said that the 'US is on an unsustainable fiscal path' if we continue down the road that we are in. Alluding to that to control inflation we are going to need to see a higher unemployment rate, and there are going to be a lot of other factors that hurt a lot of people.
The big question is, what does this do to the stock market? How does it affect it?
Well, for one, he mentioned numerous times that the market was in a very positive place right now... not sure where he got that from but ok. For one thing, big money does know to some degree where the market is going, or how to manipulate it enough to make sure they are making their profit. At times, it is feeling like the market is being held up by stilts... but thats besides the point.
Right now the stock market is at a 'wait and see' pattern until there is some solid direction either way, along with the other factors that are contributing to it like inflation, CPI, demand, unemployment, etc.
Hold on tight, its gonna be a bumpy ride.