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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: Jacob Snyder who wrote (74711)12/14/2022 3:09:15 PM
From: Jacob Snyder4 Recommendations

Recommended By
ajtj99
Lee Lichterman III
Robert O
towerdog

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Powell:

“Ongoing increases in interest rates” = no hint of a pause; no hint of a pivot

“Continuing substantial reductions in our balance sheet” = no hint of ending QT

“Labor market remains extremely tight” = he will keep raising rates till he kills wage growth

“Economic conditions argue strongly against loosening policy “ = he will cause a recession, to kill inflation

“We are now into restrictive territory; we will have to keep rates at a restrictive level for a sustained period of time “ = no rate reductions till 2024

“Changing our 2% inflation goal is something we will not consider under any circumstances”

“Real GDP +0.5% in 2023” = wishful thinking
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