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The Powell Put Won't Save Stocks | Joseph Wang
Forward Guidance
The Effect of Rate Hikes on the Financial Economy
If inflation is mostly driven by supply side issues and supply chains, then hiking rates to 1%, 2% really gonna stop inflation in its tracks? So I don't think rate hikes would be superb. From my perspective, rate hikes have a much much stronger effect on the financial economy than they do have on the real economy. The wealthy weren't spending their money to begin with. People who are both here, they don't buy lots of stuff. You make them a little bit poor, but that doesn't mean they're going to spend less money because there's only so many houses you can buy.
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