Brett Ewing Quoted in MarketWatch, April 14, 2021

Dow snaps 2-day losing streak as economy shows growth in early spring, but tech stocks slip

Meanwhile, Federal Reserve Chairman Jerome Powell on Wednesday suggested the Fed would follow the same playbook it developed in 2013 and 2014 once it decides to reverse its asset-purchase program, meaning a tapering of asset purchases would come “well before” any interest-rate increase, during a speech at the Economic Club of Washington.

Brett Ewing, chief market strategist at First Franklin Financial Services, said Powell’s overall message still was to expect the Fed’s easy-monetary policies to remain in place for some time.

“But I do believe markets are going to price in rate hikes earlier than what the Fed is talking about,” he told MarketWatch.