He had never promised dovish p

5
2
Favorite

JL1Apr
2022-11-03

He had never promised dovish policy.

How Powell Pivoted Away From the Fed’s Dovish Message and Tanked the Markets

Fed chair wants everyone to know that he's going to fight inflation until it cries unclePowell ain’t

How Powell Pivoted Away From the Fed’s Dovish Message and Tanked the Markets

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（2）

Top
Latest

MickeyLiew
·2022-11-03
[smile]
Reply
Like
Report
Cvt
·2022-11-03
Like
Reply
Like
Report

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":9985470672,"tweetId":"9985470672","gmtCreate":1667447447697,"gmtModify":1676537920233,"author":{"id":4095856449653620,"idStr":"4095856449653620","authorId":4095856449653620,"authorIdStr":"4095856449653620","name":"JL1Apr","avatar":"https://static.tigerbbs.com/fa696d7e42a997dc2a7b18b5382eab83","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":11,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>He had never promised dovish policy.&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>He had never promised dovish policy.&nbsp;</p></body></html>","text":"He had never promised dovish policy.","highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9985470672","repostId":1109183668,"repostType":4,"repost":{"id":"1109183668","pubTimestamp":1667442668,"share":"https://www.laohu8.com/m/news/1109183668?lang=&edition=full","pubTime":"2022-11-03 10:31","market":"us","language":"en","title":"How Powell Pivoted Away From the Fed’s Dovish Message and Tanked the Markets","url":"https://stock-news.laohu8.com/highlight/detail?id=1109183668","media":"MarketWatch","summary":"Fed chair wants everyone to know that he's going to fight inflation until it cries unclePowell ain’t","content":"<html><head></head><body><p>Fed chair wants everyone to know that he&#39;s going to fight inflation until it cries uncle</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/027bf4da434ab85f6b5068803f3cc8ee\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/><span>Powell ain’t playing. CHIP SOMODEVILLA/GETTY IMAGES</span></p><p>Fed Chair Jerome Powell is learning on the job. He didn’t repeat the mistake he made in his July press conference, when he said some things that markets interpreted as signs that the Fed was wavering in its commitment to fighting inflation.</p><p>The stock market took the same interpretation from the statement released by the Fed today, but Powell quickly corrected the record.</p><p>Here’s the key sentence from the statement that the market bulls seized on before Powell spoke: “In determining the pace of future increases in the target range, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments.”</p><p>Markets initially rallied on the idea that the Fed was signaling the long-anticipated pivot in monetary policy. The Dow was up about 300 points.</p><p>But Powell immediately quashed those hopes in his press conference, announcing that the Fed “had a long ways to go” on interest rates and declaring that it was premature to talk about a pause in rate hikes. Furthermore, he said that it was quite likely that they would have to raise interest rates to a higher level than they had expected just six weeks ago because the inflation picture had gotten “more and more challenging.”</p><p>Powell pivoted, but in the hawkish direction. Markets tanked.</p><p>Powell recognized that the dovish language in the statement was a necessary sop to the doves on the committee, showing that the Fed is aware that its rate hikes are beginning to bite or that inflation measures such as the consumer price index (CPI) and the personal consumption expenditures (PCE) price index will be slow to adjust to the collapse of the housing market.</p><p>But Powell knew he had to balance that sweet dovishness with some hawkish heat to put the bulls back in their place. He doesn’t want the market to start celebrating the victory before it’s won.</p><p>Powell knows he has to prove to everybody that he’s serious about taking away the punch bowl. He wants us to believe with every fiber that the Fed is going to fight inflation until it cries uncle.</p></body></html>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Powell Pivoted Away From the Fed’s Dovish Message and Tanked the Markets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Powell Pivoted Away From the Fed’s Dovish Message and Tanked the Markets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-03 10:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/how-powell-pivoted-away-from-the-feds-dovish-message-and-tanked-the-markets-11667422338?mod=hp_LEAD_1_B_3><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fed chair wants everyone to know that he's going to fight inflation until it cries unclePowell ain’t playing. CHIP SOMODEVILLA/GETTY IMAGESFed Chair Jerome Powell is learning on the job. He didn’t ...</p>\n\n<a href=\"https://www.marketwatch.com/story/how-powell-pivoted-away-from-the-feds-dovish-message-and-tanked-the-markets-11667422338?mod=hp_LEAD_1_B_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/how-powell-pivoted-away-from-the-feds-dovish-message-and-tanked-the-markets-11667422338?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109183668","content_text":"Fed chair wants everyone to know that he's going to fight inflation until it cries unclePowell ain’t playing. CHIP SOMODEVILLA/GETTY IMAGESFed Chair Jerome Powell is learning on the job. He didn’t repeat the mistake he made in his July press conference, when he said some things that markets interpreted as signs that the Fed was wavering in its commitment to fighting inflation.The stock market took the same interpretation from the statement released by the Fed today, but Powell quickly corrected the record.Here’s the key sentence from the statement that the market bulls seized on before Powell spoke: “In determining the pace of future increases in the target range, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments.”Markets initially rallied on the idea that the Fed was signaling the long-anticipated pivot in monetary policy. The Dow was up about 300 points.But Powell immediately quashed those hopes in his press conference, announcing that the Fed “had a long ways to go” on interest rates and declaring that it was premature to talk about a pause in rate hikes. Furthermore, he said that it was quite likely that they would have to raise interest rates to a higher level than they had expected just six weeks ago because the inflation picture had gotten “more and more challenging.”Powell pivoted, but in the hawkish direction. Markets tanked.Powell recognized that the dovish language in the statement was a necessary sop to the doves on the committee, showing that the Fed is aware that its rate hikes are beginning to bite or that inflation measures such as the consumer price index (CPI) and the personal consumption expenditures (PCE) price index will be slow to adjust to the collapse of the housing market.But Powell knew he had to balance that sweet dovishness with some hawkish heat to put the bulls back in their place. He doesn’t want the market to start celebrating the victory before it’s won.Powell knows he has to prove to everybody that he’s serious about taking away the punch bowl. He wants us to believe with every fiber that the Fed is going to fight inflation until it cries uncle.","news_type":1},"isVote":1,"tweetType":1,"viewCount":525,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":31,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":104643996,"commentId":"104643996","gmtCreate":1667484534595,"gmtModify":1667484545760,"authorId":3571792373977202,"author":{"id":3571792373977202,"idStr":"3571792373977202","authorId":3571792373977202,"name":"MickeyLiew","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9985470672,"objectIdStr":"9985470672","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"[smile]","text":"[smile]","html":"[smile]","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":104638133,"commentId":"104638133","gmtCreate":1667447772249,"gmtModify":1667447785069,"authorId":3579235597126488,"author":{"id":3579235597126488,"idStr":"3579235597126488","authorId":3579235597126488,"name":"Cvt","avatar":"https://static.tigerbbs.com/c8fda02901ec7a98b51fe8e84d016ab2","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.10.26","exceedPercentage":"93.59%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9985470672,"objectIdStr":"9985470672","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<span class=\"s1\">Like</span>","text":"<span class=\"s1\">Like</span>","html":"<span class=\"s1\">Like</span>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}