Market Extra: Hopes for a Fed pivot are being dashed — and morphing into a sense of dread in financial markets
Anna Moneymaker/Getty Images Optimism that the Federal Reserve might back off of aggressive interest rate hikes is giving way to something else within financial markets: A feeling that things won’t likely get better for investors from here. Financial markets have vacillated between two narratives: One in which the prospects of weaker growth and financial instability force policy makers to ease up on rate hikes, the other being that central bankers proceed anyway despite any damage inflicted on markets and the economy. Читать дальше...