If Powell tightens into a crisis, he can then pivot & safely (for him) do what central banks have always done. And most mkt participants will beg him to do it.
If he pivots before a crisis & inflation accelerates, he (and Fed) are done. And he knows it. t.co/ibmMFIu5my
— Santiago Capital (@SantiagoAuFund) October 26, 2022
Yield curve is now fully inverted. 3-month T-Bill rate at 4.06%. 10-year yield is at 4.03%. Recession watch is officially on.
— ron insana (@rinsana) October 26, 2022
The Fed isn't going to pivot any time too soon.
— Markets & Mayhem (@Mayhem4Markets) October 27, 2022