In what is sure to be yet another hopeful sign for diehard believers in a Fed “pivot”, inflation as measured by the Consumer Price Index came in below expectations, at 7.7% year-on-year.
"Whether Jay Powell will share Wall Street’s inevitable optimism remains to be seen."
My prediction: He does not.
So...no Fed pivot or "Powell put" for Christmas?
Wall Street is going to be soooo disappointed. Again.
"Whether Jay Powell will share Wall Street’s inevitable optimism remains to be seen."
My prediction: He does not.
So...no Fed pivot or "Powell put" for Christmas?
Wall Street is going to be soooo disappointed. Again.