Surveillance: Powell Crushes Pivot Hopes, BOE Hikes
Bloomberg Surveillance
00:00
Is There a Sea Change in the Fed?
There are clear signs of the cost of living crisis taking hold on economic activity suggesting more gradual approach was warranted and overtightening in policy. The US economy is still doing well, so there's no obligation for the Fed to take into account wider conditions. How long can this divergence where the dollar is the preeminent trade and continues to strengthen? Is that an entire 2023 kind of trade?
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Transcript
