Headlines from Powell’s remarks today: *POWELL: ONGOING PROGRESS TOWARD 2% INFLATION TARGET NOT ASSURED *POWELL: RISK FOR JOBS, PRICE GOALS MOVING INTO BETTER BALANCE *POWELL: LIKELY APPROPRIATE TO CUT RATES AT SOME POINT THIS YEAR *POWELL REITERATES FED NEEDS MORE CONFIDENCE ON INFLATION TO CUT
@LizAnnSonders NO rate cuts before July means NO rate cuts in 2024. 5.25% was never even close to restrictive so the next rate move is probably a hike not a cut.
@LizAnnSonders In December, the market priced in an expected 6 rate cuts for 2024. That is most definitely NOT going to happen.
@LizAnnSonders How come you didn't hear anything on housing inflation, honey?
@LizAnnSonders The economy is so strong. Who cares about rate cut. Everybody are doing GPU digging now, $NVDA
@LizAnnSonders I think Powell has more integrity than any Fed chair in decades
@LizAnnSonders Given the mosy recent CPI, to me this is rather dovish. Dollar cost averaging every dip.
@LizAnnSonders Schiff has it right. He's a little obnnoxious but he's right: Supply is dying faster than fiscal stimulated demand. Inflation is going back up, the fed is helpless, stagflation is in full gear, and the economic contraction is happening before our Bitcoin eyes.