system
A chat on subreddit /r/wallstreetbets
human
You're pretty much confirming what I said though. If the Fed shifted from three hikes in 2019 to zero within a span of 2 months they're practically confirming that they think things are going to get real bad soon or that the economy's so weak it'd be kickstarted into a recession if they went through with it. I just don't see how that's a justification to get back up to ATHs when more so many indicators point towards a slowing global economy.

gpt
Don't read so much into the fed being super geniuses or something.  They don't know what will happen next.  It's more the markets tried to tank so hard that the Fed was pressured to stop.  But their data didn't point to inflation being out of control which is why everyone wonders why they weren't stopping.  I think it's fine to pause for a few months.  They might start raising again in the fall if they need to w all the good numbers.  No biggie.