I think I heard Powell just say in the QA that the Fed is finished raising rates. Rather stunning given the real fed funds rate is close to zero, coupled with his statement economy is doing well.
Markets should rally on when they digest it.
I think I heard Powell just say in the QA that the Fed is finished raising rates. Rather stunning given the real fed funds rate is close to zero, coupled with his statement economy is doing well.
Markets should rally on when they digest it.
In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.
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