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The market is likely going through a consolidation of the notable gains from the October lows
The market has sold off significantly the last three times that Powell has spoken. Are expectations lower this time?
This FOMC may be slow to recognize that a pivot, not a pause, will be required within six months in order to best preserve the economy.
After selling off a month ago, the stocks has hung in there. Then again, it's easier to hang in there when the rest of the market catches a bid.