The Fed risks slipping further into a no-win interaction with markets….Maybe the Fed or Powell is uncomfortable with stock market rallies… 50bp rate hike coming in both May and June?!

For a long time there was a perception that the Fed would fight stock market selloffs.

In today's @markets newsletter, I wrote about the opposite. Maybe the Fed or Powell is uncomfortable with stock market rallies.t.co/Pl5nZqsNJq pic.twitter.com/IdTS1104wb

— Joe Weisenthal (@TheStalwart) March 22, 2022

Goldman Sachs raises US interest rate forecast – now expects Fed to raise rates 50bp in both May and June, followed by 25bp hikes at the four remaining meetings in 2H 2022 and three quarterly hikes in 2023Q1-Q3. Maintains terminal rate outlook at 3.00% – 3.25%.

— Jamie McGeever (@ReutersJamie) March 22, 2022

The Fed risks slipping further into a no-win interaction with markets that is more familiar to developing countries that lack policy credibility, @elerianm says t.co/ZxZa43q54p via @bopinion

— Robert Burgess (@BobOnMarkets) March 22, 2022

Fed: Economy Slowed in Feb. Really???

U.S. economic activity expanded at a slower rate in February and January’s expansion was slower than reported earlier, data from the Federal Reserve Bank of Chicago showed Monday.
The Chicago Fed National Activity Index fell to 0.51 in February and January’s reading was revised down to 0.59 from the prior reading of 0.69.
The Chicago Fed’s reading of the economy is comprised of 85 economic indicators from four broad categories of data:
production and income;
employment, unemployment and hours;
personal consumption and housing;
and sales, orders and inventories.
Consistent with the very tight labor market, the employment indicators contributed the most to the index. The Department of Labor said that payrolls grew by 678,000 in February and the unemployment rate fell to 3.8 percent.
Production-related indicators contributed +0.22 to the index in February, down slightly from +0.25 in January. Industrial production increased 0.5 percent in February after rising 1.4 percent in January. The contribution of the sales, orders, and inventories category to the index …

Powell: Fed Will Take “Necessary Steps” to Address High Inflation appeared first on The Bongino Report.

Economists: Stagflation, GDP decline

Mega-cap NVIDIA $NVDA is up 25% over the last week. Tesla $TSLA up 20%, $AMZN and $FB up 13%+. Crazy how much market cap is getting thrown around. pic.twitter.com/pP20BNyF9J

— Bespoke (@bespokeinvest) March 21, 2022