A September Bounce: Eyes On CPI Data
The Setting In the past few days the market has seen a surprising bounce. The question has arisen, why? Jerome Powell spoke at length with the Cato Institute and once again delivered his message that the Fed is going to fight inflation to the very end. Their goal is absolutely the 2% target we’ve all become familiar with. Every Fed governor and spokesperson is continuing their hawkish stance. Brainard for instance, said (and I am writing this off of memory only) that concerns about over tightening are a question for later. Implying that the principle concern continues to be inflation,…
Click here to continue reading