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Markets come to grips with the Fed on interest rates

wsj

4 min read . Updated: 15 Feb 2023, 06:55 PM IST Eric Wallerstein, The Wall Street Journal

Stock euphoria has been tempered in recent weeks by signs of a strong labor market and stubborn inflation. (Photo: Reuters) — Stock euphoria has been tempered in recent weeks by signs of a strong labor market and stubborn inflation. (Photo: Reuters)

Traders give up on hopes for a central-bank policy pivot, for now

Markets finally appear to be backing down in their long-running game of chicken with the Federal Reserve.