SLOWER FOR LONGER

The 'tourist examines why the Fed will take longer to raise rates, but ultimately end up higher than the market expects

We have to talk about Jerome again. The FOMC Chair has got a communication problem. Or at least he thinks he does.

At the last FOMC meeting, Powell surprised the market with a “dovish hike.” Well, maybe I shouldn’t include all market participants as being surprised because ‘tourist readers were on the lookout for a potential shift in policy from the July…