Stock Rout Is Fed’s ‘Best-Case Scenario’ as Powell-Put Era Ends
- Financial conditions are tightening ahead of May’s meeting
- Dyanmic is close to ‘best-case scenario’ for the Fed: Suzuki
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If you’re a Federal Reserve policy maker, the stock selloff of the last few weeks comes with a silver lining.
Financial conditions -- a cross-asset measure of market health from equities to fixed income -- have finally started to tighten over the past week in sympathy with the recent plunge in equities, led by richly priced technology companies.