A fiery start to the 1Q of 2023. Fed now sees that rising inflation would be sticky, persistently high and could adjust their strategies upwards when 22 Mar FOMC meeting comes. If interest rates are not coming down as quickly as desired, then there can only be the inevitable outcome. We unabatedly hold onto our breath and only time will tell...
Fed Chair Jerome Powell Returns to Congress for Second Day of Hearings, Expects More Rate Hikes and a Higher Peak