Dmon
2022-10-31

Likely to be 75 bps. However, what the Fed might do to cushion the economical impact and gain politcal points for the dems during the midterm elections is to keep expectations of Dec's rate hikes vague or deliberately dovish sounding. But, make no mistake aboutit, come Dec, it will still be a crushing 75 bps!

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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