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‘Most Investors Didn’t Anticipate That’: Goldman Weighs In On Powell’s Hawkish Surprise

"...so soon and so straightforwardly."

"...so soon and so straightforwardly."
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2 comments on “‘Most Investors Didn’t Anticipate That’: Goldman Weighs In On Powell’s Hawkish Surprise

  1. or look to more qe as things get worse.
    all eyes on usd.
    sb

    • I don’t think the Fed is going to revert to QE unless/until we hit a major downturn that affects the “real economy”. I think they realize that we’re approaching the end of the business cycle, and that Trump’s poorly timed fiscal stimulus may hasten the next recession. They seem to be feeling pressured to normalize policy, and reduce their balance sheets, before the next recession hits.

      Powell’s “small potatoes” comment really speaks to what they’re worried about at this point. Why worry about a little 10% sell off in equities while you’re trying to prepare your armamentarium to stave off a recession/depression?

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