(2/2/23) Fed Chair Jerome Powell is more concerned about "disinflation" than financial conditions, as evidenced by the Fed's quarter-point rate increase, and shift in stance on inflation; subsequent market upside may be limited to 100-points. Disinflation vs Deflation. Ground Hog Day again, and...
Published 02/02/23
(2/2/23) We were wondering Wedednesday whether the Fed would get hawkish, based on the easing of financial conditions in the markets; they wimped out and essentially said they're not worried about financial conditions in the short term: a complete shift from previous statements at Jackson Hole...
Published 02/02/23