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Energy & Inflation "Whammies" Hit Stocks into FOMC Interest Rate Decision
"Stocks got hit with a couple whammies this morning," says Joe Mazzola with @CharlesSchwab, pointing to recent Israeli airstrikes on Iran's gas infrastructure as the main culprit of Wednesday's pressure. He also calls out a hotter-than-expected February PPI adding weight against the Fed's inflation outlook.
"Stocks got hit with a couple whammies this morning," says Joe Mazzola with @CharlesSchwab, pointing to recent Israeli airstrikes on Iran's gas infrastructure as the main culprit of Wednesday's pressure. He also calls out a hotter-than-expected February PPI adding weight against the Fed's inflation outlook.