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No pivot!
The Compound and Friends
Is the Fed Going to Pivotdovish?
I think that the market did get hood ranked here by that Wall Street Journal article that happened a couple of weeks ago, which said that they were going to pivot. And I think this was like the data point that probably, I don't know, disciplined actors were looking for is like, how is going to speak? He spoke confirmed that they're not pivoting. Even if they are pivoting, he confirmed very clearly that the pivot doesn't matter to a slower pace. It's about the how high we're raising rates and all the data that we've seen in the last few weeks suggests that we actually have to go even higher than we thought. We're going to get a job
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