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Experts Forecast Why Central Bank Could Pivot


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Everything from mortgage rates to credit-card payments are now more expensive after the Fed made its third 75-basis-point hike in a row Wednesday, confirming that 0.75 is indeed the new 0.25, which was once the standard increment. 

I’m Phil Rosen, writing to you from New York. Markets whipsawed yesterday afternoon as the FOMC announced its decision and Jerome Powell shared comments at the press conference. 

The Fed chair did not mince his words, going as far as saying there’s no painless way to tame inflation. 

I called on some Wall Street pros to better grasp yesterday’s events — and below I’m breaking down why JPMorgan said the Fed could actually cut rates if it means saving the stock market. 

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