Markets Reverse On Powell's Anti-Inflation Comments

The Federal Reserve ended its January policy meeting still committed to raising interest rates later this spring, and ending its monthly asset purchases.

The central bank’s latest policy statement follows dizzying gyrations in the stock market as investors have been gripped by fear and uncertainty over just how fast and far the Fed will go to reverse its low-rate policies, which have nurtured the economy and the markets for years.

The broad S&P 500 index fell nearly 10% this month before rebounding slightly Wednesday.

The market reactions were clear: Wall Street wants no rate hikes.

Buckle up, everyone, because the excitement is just beginning!