Fed Chair Powell just said that talks of cutting interest rates are "premature."
He also hinted that more rate hikes could be ahead if needed.
The Fed plans on “keeping policy restrictive” until they are convinced inflation is heading back to 2%.
Their narrative has not changed since last year, but markets continue to call for a Fed pivot.
As we have stated before, the Fed would rather spark a mild recession than risk a resurgence of inflation.
This means that a long PAUSE is still likely.
Fed Chair Powell just said that talks of cutting interest rates...
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