A ‘Lost Opportunity’

It wasn't what he said. It was what he didn't say. Jerome Powell had an opportunity on Tuesday to make amends for inadvertently perpetuating 2023's everything rally last week, but he didn't seem especially interested. Markets are plainly prepared to rally absent a reason not to, and Powell provided no such reason in a jovial back-and-forth with David Rubenstein. Maybe it just wasn't the right forum. Although Powell conceded that the terminal rate may need to be higher if the US labor market co

Get the best daily market and macroeconomic commentary anywhere for less than $7 per month.

Subscribe today

Already have an account? log in

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

One thought on “A ‘Lost Opportunity’

NEWSROOM crewneck & prints