bernardtayet
2022-10-31

FED will still raise the hike. It will be 75 basis point in Nov as inflation is high, hovering at around 8 %. It will continue to hike interest rates until inflation is tamed.

That's how I view the rate hike in Nov 22.  

How to Interpret Powell's Testimony?
Federal Reserve Chairman Jerome Powell is scheduled to testify before Congress on 7th and 8th March. Powell on Tuesday cautioned that interest rates are likely to head higher than central bank policymakers had expected. The stock market plunged after his speech. Some investors argue that the market is over-reacting. --------- [Topic] How do you interpret Powell's testimony? How do you expect Powell's testimony tonight? How will the testimony affect rate hike expectations?
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Comments

  • DaisyMoore
    2022-10-31
    DaisyMoore
    I agree with you. There is still about a month to adjust. It seems that the market will soon usher in new turbulence.
  • Kiyosumi
    2022-11-01
    Kiyosumi
    I agree with your views
    • bernardtayet
      Seize the opportunity when rising rates dampen the market. Buy dip buy for long.
  • EricVaughan
    2022-10-31
    EricVaughan
    75 points have reached a large range. What the Federal Reserve needs is gradual progress.
  • HelenJanet
    2022-11-01
    HelenJanet
    I agree with you. 👍🤝😊
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