Stocks sell off as Warsh's first Fed meeting reads hawkish
Equities slid after Chair Kevin Warsh's debut press conference was seen as hawkish.
O
Oneonomy Admin
Stocks sold off after Federal Reserve Chair Kevin Warsh's first post-meeting press conference landed on the hawkish side.
What's happening
The Fed held its policy rate steady but signaled caution on cuts.
Markets wanted dovish reassurance; they got discipline instead.
Short-term Treasury yields rose as traders repriced the path ahead.
Why it matters
Positioning will stay defensive until the rate path clarifies.
Tags
MarketsFederal ReserveEquities