Whipsaw! Tweets, Tariffs And Tortured Double-Talk

It’s been a long time since a Federal Reserve Chairman spoke with such candor – and markets were utterly confounded. After fondly receiving “insurance cut” and “ounce of prevention…,” equities were immediately repulsed by the notion of “mid-cycle adjustment.” And how could Powell broach the subject of the Fed contemplating ever raising rates again? Does […]
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