10 Key Takeaways From J Powell's Speech
Added 2022-12-14 22:32:11 +0000 UTC1. Rate hikes are expected to slow down
2. More work to do for the FED
3. 2 good CPI reports are not enough to declare a victory
4. We are 3X from our target of 2% inflation - expect to hit that in 2025
6. Soft landing is ACHIEVABLE (I call BS on that - TN)
7. The economy slowed in 2022. Housing is weaker. Making progress.
8. Labor market is still too strong. 4.5% unemployment TARGET!
9. More rate hikes are needed
10. Peak rate – right now seems 5% but may be subject to change.
