1.0Bernstein Bankhttps://bernstein-bank.com/en/Bernstein Bank GmbHhttps://bernstein-bank.com/en/author/tobiasreuber/More pain | Bernstein Bankrich600338<blockquote class="wp-embedded-content" data-secret="XAfkfxS7PU"><a href="https://bernstein-bank.com/en/more-pain/">More pain</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://bernstein-bank.com/en/more-pain/embed/#?secret=XAfkfxS7PU" width="600" height="338" title="“More pain” — Bernstein Bank" data-secret="XAfkfxS7PU" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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https://bernstein-bank.com/wp-content/uploads/2017/09/showpics.jpg800600The Jackson Hole symposium is over, but the meeting is having an impact: Jerome Powell was unusually outspoken. The head of the Federal Reserve announced "pain" for private households and companies. Inflation must be fought at all costs, he said, or the consequences will be even worse. And yes: interest rates will go up and stay there for a while. Frustration erupted among the bulls.