PVG Market In A Minute - August 30, 2022
- PVG Admin
- August 30, 2022
Chairman Powell’s Comments: “Pain” says Powell, I do not remember a Federal Reserve Chairman saying “pain” in his outlook. Powell, “While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will bring some pain to households and businesses”. The market was thinking we were in the later innings of this tightening cycle and got moved back to the 5th or 6th inning.