Thursday’s overarching narrative was that this time around, Jerome Powell isn’t going to bend the proverbial knee to equities. The emphasis on “this time” is,
Day: January 27, 2022
‘Bring Back Volcker’
I doubt seriously that prominent investors actually care about inflation vis-à-vis Fed policy. And why should they? Investors tend to be well-off. Prominent investors are
Is The US Headed For A ‘Transitory’ Recession?
Mercifully, US jobless claims retreated in the week to January 22, snapping a streak of increases that suggested labor market momentum might be waning at
US Economy Outperforms, Validating Hawkish Fed
The US economic expansion picked up in the fourth quarter, data out Thursday showed. The 6.9% rate represented a pronounced acceleration from the prior quarter’s
Panic Selling Grips Asia As Stocks, Bonds Plunge On Hawkish Powell
Jerome Powell’s press conference performance, and particularly the Chair’s multiple references to this cycle being “different,” kneecapped Asian markets on Thursday. Regional shares came under
