Business
Stocks ‘Pivot Spurs Investors To Boost Defensiveness
Stocks’ sharp decline Friday reopened a question investors have largely been asking during the summer’s two-month rally: how to mitigate pain through what could be another bruising period in the market. school.
Comment from the Chairman of the Federal Reserve Jerome Powell ended the hopeful Fed pivot talk, in which optimistic investors bet that falling inflation and a slowing economy will lead the central bank to lower interest rates next year.