Powell Slays Inflation?
7/3/24 Prospero.Ai Investing (134th) Edition (Mid-week)
Jerome Powell, Fed Chair, is a very understated man. So when he says 'We are getting back on a disinflationary path' you might as well treat him like he has his party hat and noisemaker with him. Even though this is great news, it begs the question, how much of what these comments imply is already backed into market price? This is a fair question because the market and some data we will look at below doesn’t reflect an enthusiastic market.
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