bullish
The Fed is Hitting The Brakes: Are You Wearing your Seatbelt?
SUMMARY
- I am not sure everybody has grasped yet how important was the message Jerome Powell sent yesterday during the FOMC press conference.
- While market commentators are focusing mostly on the mere 25 bps hike and the lack of details on Quantitative Tightening, I believe they are missing the point: the forward guidance was very hawkish, and very clearly so.
Powell is becoming more and more hawkish as time goes by. I identified 4 key hawkish messages he conveyed
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