A jawbone of a different kind

Powell cheers the stock market with words of a softening stance

Or at least that is how markets are interpreting the smaller rate hikes to come. Problem is, we already knew that December was very likely to see .5% hike, not the .75% that markets have become accustomed to. Click image to get article (which I have not read because… why would I need to?).

jerome powell press conference on rate hikes

How did we already know that the December hike was likely to be only .5%? Because, this…

cme group fed rate hike probabilties

This is roughly the alignment it was in about a week ago when I last checked. Da boyz and girlz at da CME Group have been anticipating .5% and the Powell headlines are tracking that, not the other way around.

The damn disinflationary-deflationary 2023 plan is on track and that takes into account the little relief bounce going on in the inflation trades with Jerome big mouth Powell providing an in-day reversal of sorts. It’s punch bowl season after all, ain’t it?

For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by Credit Card or PayPal using a link on the right sidebar (if using a mobile device you may need to scroll down) or see all options and more info. Keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter@NFTRHgt.

Testimonials