The Market's Golden Hour: What Rate Hike Fears Reveal About Our Economy Major stock indexes burst forth from their four day losing streak last week, with the Dow Jones Industrial Average rising 1% largely due to bets on lower rate hikes further down the tightening cycle.
This brief respite has sparked questions about our economy's priorities and financial psyche.
The narrative that higher interest rates are a necessary evil – a painful but ultimately beneficial adjustment to keep inflation in check – is being challenged by some investors.