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

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ajtj99
To: Jacob Snyder who wrote (74712)12/14/2022 3:15:55 PM
From: Sun Tzu1 Recommendation   of 98362
 
Powell's most hawkish statements were:

(1) If you look at previous Fed projections, we've moved up the terminal rate and the duration at every meeting and there is no reason to believe this will not be the case at next meeting.

(2) We are not even thinking about changing our 2% inflation target or cutting rates in 2023.

So he is very hawkish. But the market is choosing to hear what the market wants to hear. So anytime he adds in a proviso, which is just being realistic, the market jumps.

All that said, I still stand by my projections of a rate cut some time in 2023H2 (most likely in July/August).
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