>>22192464

tyb

Jerome Powell just showed Donald Trump who’s boss

President-elect Donald Trump’s favorite barometer of his success — the stock market — had been humming since his reelection. Business-friendly promises of deregulation and tax cuts got investors excited with anticipation of unlocked profit and easy money. And then reality set in this week.

But Federal Reserve Chair Jerome Powell in a press conference Wednesday reminded markets who’s boss: The Fed said inflation will remain higher than expected next year, and that it is now pricing in just two rate cuts in 2025, rather than the four it had expected during its previous projection in September.

Stocks plunged on the news, with the broad-based S&P 500 tumbling 3%. The Dow lost more than 1,100 points, falling for the 10th straight session — the longest such losing streak since 1974.

https://www.cnn.com/2024/12/19/investing/markets-powell-trump/index.html

This…is CNN.

This…is pathetic.

>>22192936

I enjoy seeing them employing their same old tired grifts without realizing the people no longer buy it.

they are exposing themselves without realizing it.

good to see.

>>22193099

he literally did that IRL. kek

Wall Street is getting richer today after Powell tanked the market yesterday.

They will long and short the market all the way back up.

Was nothing but more money grabbing from the FED and Wall Street at the expense of Main Street.