Great Analysis! Thank you for sharing
The Market Is Running Out Of Fuel
The thing is that the first of the above factors began to weaken. In his testimony before the House Financial Services Committee, Mr. Powell suggested that interest rates needed to rise to address U.S. economic growth and contain price pressures. He reiterated the Fed's determination to bring inflation back down to its 2% target and indicated that further rate hikes could be expected by the end of the year [against the previous hope-driven consensus]. He noted, however, that lowering inflation m
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