https://wolfstreet.com/2023/02/01/what-powell-actually-said/
“The historical record cautions strongly against prematurely loosening policy. We will stay the course until the job is done,” but it’s not done, Powell said: Core services inflation ex-housing has not come down.
The stock market sure wants a pivot. Inflation in services is still raging though. Wolf covers this extensively in his blog.
What are you all seeing?
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