SETTING THE TONE FOR THE LAST TWO MONTHS OF THE YEAR

Why the 'tourist thinks that Thursday's NY Economic Club Powell speech is so important

This will be another quick post. On Thursday, Jay Powell is speaking at the NY Economic Club at 12pm.

It’s an important event. Probably more important than many market participants realize.

Back on October 9th, I wrote a piece titled, “THE FED JUST PAUSED.” I argued that three FOMC board members signaled that the rise in the long-end of the bond market ha…