Stocks rallied because Fed’s Powell didn’t ‘nudge’ markets harder on potential rate hike

Federal Reserve Chair Jerome Powell’s uncertainty over whether policy makers have raised rates enough didn’t stand in the way of a rally for both stocks and bonds on Wednesday.

The Fed on Wednesday left interest rates unchanged for a second straight meeting, as expected. In September, the policy-setting Federal Open Market Committee’s so-called dot-plot forecast penciled in one more rate rise in 2023.

On…