The Powell Put Won't Save Stocks | Joseph Wang
Forward Guidance
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The Fed's March Rate Hike
If the market's pricing in four rate hikes, presumably they've got to do them some time after March, right, before December. After the first rate hike, I would expect QT to probably begin maybe in June or September. It's gonna depend on whether or not inflation recedes like their models are praying for or if it just remains high. But if that's what they're communicating and there's no pushback, Chair Powell has a lot of opportunity to push back.
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