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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (74712)	12/14/2022 3:15:55 PM
From: Sun Tzu	1 Recommendation Recommended By ajtj99 Respond to of 98343

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).

To: Jacob Snyder who wrote (74712)

12/14/2022 3:21:41 PM

From: John Koligman

4 Recommendations

Recommended By
ajtj99
Jacob Snyder
Lee Lichterman III
The Ox

Read Replies (1) | Respond to of 98343

Looks like Summers was correct:

To: Jacob Snyder who wrote (56151)	4/2/2022 2:52:25 PM
From: John Koligman	2 Recommendations Read Replies (2) of 74714

I read a transcript of an interview with Larry Summers in the NY Times a couple days back. He has been right about inflation so far, and thinks interest rates may need to go as high as 5% if the Fed is serious about cooling things off. nytimes.com