by LessTalkMoreRock1
Nowhere in any of Jpows statements today did he suggest he will pivot to being dovish. He continued to say future decisions will be data dependent. Here is what he just said at the meeting verbatim:
“Our decisions will depend on the totality of incoming data and their implications for the outlook of economic activity”
These rallies are a trap for bulls
Summary:
PCE core remains strong
Unemployment rate remains low
GDP strong number
JOLTS strong numberWith these numbers I should expect 75bps & 75bps next meeting or even 100bps
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) November 1, 2022
Views: