Powell's mixed signals and Pacwest weigh on US indices - May 4, 2023
Powell's mixed signals and Pacwest weigh on US indices - May 4, 2023
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Powell's mixed signals and Pacwest weigh on US indices - May 4, 2023
The Market Screener • 04/05/2023 • 5 min
The Fed raised rates yesterday and softened its stance. The market is having trouble seeing things clearly due to Jerome Powell sending mixed signals in his speech. Investors are also reeling from the latest episode in the banking crisis, and it’s reflected in futures today, which were in the red.