USMC - The Fed Is At Risk Of Making A Big Mistake
2024-03-07 12:42:21 ET
Summary
- Powell's testimony on the first day lacked new information despite risks of inflation reaccelerating and strong economic data.
- Market concern for inflation is growing, US GDP data is not slowing, and job creation and wage growth remain strong.
- Easing financial conditions have contributed to the economy's strength, but there's a risk of re-accelerating inflation if conditions continue to ease.
On the first day of Powell's testimony, not much happened, and he failed to take control. There was very little that was new. This comes despite continued signs of inflation reaccelerating and robust economic data....
The Fed Is At Risk Of Making A Big Mistake