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The Energy Crisis in Europe, Is It Going to Affect the Market?
Powell did not mention stocks and aste prices once in that speech. He doesn't seem to care too much about the growth impact of hikes. It's inflation, two %. Singular mission. That's what we we are going to do. If you don't think tat the fet is at pea hawkishness, i think it's possible for inter rates to go considerably higher. There's still a lot of push than push on nominal rates - oh, we still have negative real rates. You're never going to get control of inflation. Higher nominal rates mean that buyers have to pay more money; this will re-price debt. So if you raise interest rates by