This month the Federal Reserve begins its balance sheet reductions via quantitative tightening, a monetary policy aimed at contracting the liquidity of the economy, as the central bank begins actively fighting inflation.
Stock futures retreat as post-Fed rate rally fizzles; Fed Chair Powell concedes inflation hardship as rate hikes expected to slow growth; republican lawmaker wants FTC to preserve records linked to Musk and Twitter; eBay shares slump on muted outlook for online marketplace and Meta shares slide on reports its looking to rein in costs