The Powel Pivot

Up until last week, the markets were telling the central banks what they should do. Powell came out friday morning and a, you know, the whole financial rrossin or saying, come on this. What is he going to do? And his speech waswas probably eight minutes. He basically said, listen, we are going to keep raising rates until we crush inflation. Then he just dropped the mike and weno went off stage. Someoe to go back to this as well, but a markits instead of the central banks ton a pivot marketstod a pivot on on Friday.