Powell Offered Nothing New
Despite how markets reacted
Highlights
Powell didn’t offer up anything new in yesterday’s speech, yet markets react as if he had
Jobs data (JOLTS today; NFP Friday) are key for the Fed’s next rate decision
Strong disinflation momentum continues
U.S. consumers affected by lingering financial stress
Keep reading with a 7-day free trial
Subscribe to Early Morning with Dave to keep reading this post and get 7 days of free access to the full post archives.