First published by Money Metals Exchange here: https://www.moneymetals.com/news/2023/12/18/fed-delivers-champagne-to-wall-street-002893
<p><img src='https://www.moneymetals.com/uploads/content/fed-delivers-champagne-to-wall-street-social.jpg'/></p>It&#039;s Christmas on Wall Street as the long-awaited pivot is here, with Jerome Powell announcing the Fed&#039;s giving up on inflation and turning to that long-promised recession. The so-called Federal Reserve dot-plot, which measures Fed members&#039; rate projections, went dovish – meaning inflationary – for the first time since the pandemic.