Fed the clown23 Mar 2023 00:22
So Powel thinks, by promising a further one more 25 points rise down the line, to curb inflation in to submission....
This is laughable. Not only the guy was talking about transitory inflation, he is still convinced that with is talking, his guidance, he can still influence the inflationary trends, world finances and economies....when will he woke up and smell the coffee?
Maybe he doesn't realise, that to give expansionary talks and guidance, to stimulate economies and visionary dreams of growing economies, after massive QE and money printing, is not the same thing as to curb inflation while tightening....
So as predicted the guy did exactly what the market expected....what a pleaser.
Thing is, there are too many people to please right now and usually in this situation only the very few get the paycheque.