The stock market’s bounce back from last year’s carnage will be again put to the test as investors closely listen to Federal Reserve Chairman Jerome Powell’s testimony before Congress this week for clues to just how high interest rates need to go to win the fight against inflation.
“Many ‘inflationistas’ are saying a 50-basis-point hike is needed because the January data was so ‘hot’ — that is the data reactivity of the bond and stock market, but we expect Powell to emphasize that rates are near neutral now, so there is less of a need to be higher in a hurry and now Fed can be data dependent by the way,” wrote Lee, in a Monday note.
Fed policy makers stepped down to a 25 basis-point increase last month after a half-point move in December and four jumbo 75 basis-point rate increases last year. Fed policy makers may be particularly reluctant to boost the size of rate increases after downshifting at the last meeting, analysts said.
Powell is going to pump the markets. Big time. It’s basically all he does. God bull.
Powell will not upset the apple cart. The payrolls report Friday and Jolts Wednesday is what will move markets. CPI PPI next week.
Easy. Just ask yourself what would make me put my excess savings into a CD rather than any other risk asset. About 1-2% over the rate of inflation and above the average annual yield of the S&P 500.
As long as Fed prints money to finance deficits...🤔
Doesn’t matter what they want, they will be getting a massive bloodbath and continuing crash.
Fuck what stock market investors want. Heres what home owners want Powell to say 'guilty'
That he is done raising rates and killing American interest.
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