Why Sofi down

 

• Why Shares of Affirm, SoFi, and Upstart Are Falling Today

  

  
  

  

  
  

  
  
  
  By Bram Berkowitz - Aug 17, 2022 at 11:36AM

  Key Points

  • 
    
• Retail sales data for July came in flat, but it wasn't all bad.
• 
  
• Investors are waiting for the Federal Reserve's July meeting minutes, which will come out this afternoon.
• 
  
Investors are now re-evaluating whether the Fed is turning dovish or remaining hawkish.

Hawkish policymakers tend to focus on controlling inflation as a primary goal of monetary policy. Dovish policies are more concerned with promoting economic growth and job creation.Jun 9, 2022

What does dovish mean in markets?

Doves tend to support low-interest rates and an expansionary monetary policy because they value indicators like low unemployment over keeping inflation low. If an economist suggests that inflation has few negative effects or calls for quantitative easing, then they are called a dove or labeled as dovish.