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J-Powell today
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I can’t believe people thought a pivot was real. You simply cannot come up short on this otherwise we have to do this all over again.
Better late than never eh? I don’t see the rate hikes stopping until we see a real dent in inflation
Anyone that believed that wasn’t paying attention, thats on them.
I don’t understand why people keep thinking this. The fed said they won’t pivot until inflation is at like 2% we aren’t even close. The next hike in December will also be .75 guaranteed. We aren’t even close to finished
The Blackrock leak said they “expected pivot language” to come out of today’s meeting. Along with the rate hike, JPow insinuated that they would slow rate hikes at future meetings, to let the lagging data indicators catch up.
We got exactly what Blackrock predicted.