RE: The low down on Fed yesterday not to bad3 Nov 2022 09:10
SP very resilient considering Powell speech yesterday. Do you think the released statement was pressure from the White House to show a softening stance then during his speech he couldn’t help himself show his true Hawkish hand. Anyway if you are LT the markets and he is overshooting on rates at some stage 2023 they will have to come down. It’s a patience game now but some huge rewards ahead for equity as we gonna be cutting rates deeply quickly if he carries on like this. He’s got himself into a tight mess IMO