scorecardresearchStock Market Rally Hopes Crumble as US Fed's Jerome Powell’s Rates Reality Hits Full Force

Stock Market Rally Hopes Crumble as US Fed's Jerome Powell’s Rates Reality Hits Full Force

Updated: 29 Aug 2022, 01:38 PM IST
TL;DR.
If you thought markets were choppy before, things are about to get much worse.
A man gathers fake dollar banknotes to throw up in the air at a cryptocurrency event in Madrid, Spain, Saturday, Aug. 27, 2022. Spanish financial authorities are planning to keep a close eye on a major cryptocurrency metaverse event being organized in Madrid this weekend. The CNMV stock market regulator this week warned that neither the organizers of the event, Mundocrypto, nor the sponsors have authorization to provide investment services or gather funds. (AP Photo/Paul White)

A man gathers fake dollar banknotes to throw up in the air at a cryptocurrency event in Madrid, Spain, Saturday, Aug. 27, 2022. Spanish financial authorities are planning to keep a close eye on a major cryptocurrency metaverse event being organized in Madrid this weekend. The CNMV stock market regulator this week warned that neither the organizers of the event, Mundocrypto, nor the sponsors have authorization to provide investment services or gather funds. (AP Photo/Paul White)