Federal Reserve Chair Jerome Powell suggested that the bank is willing to stop interest-rate increases next month, and said tighter credit conditions could mean the peak in policy will be lower. He said, “having come this far we can afford to look at the data and the evolving outlook to make careful assessments.”
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of