Wall Street Unplugged - What's Really Moving These Markets cover image

Prepare for market chaos in 2023

Wall Street Unplugged - What's Really Moving These Markets

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I Think Powell's Going to Be Transparent on This One Thing.

I think Powell has done a good enough job of being transparent or foreshadowing what he's going to do to later today. As far as Powell does, I do think that he'll raise by 50 basis points, which is the market consensus. And when I look at the inflation picture, we're still right at 7.1%. Remember the PPI came in, it didn't come in good. So it's not just, hey, one month or two months. I mean, we have to see this go on for a while, right?

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