THE HAWKISH SHIFT

Yesterday's FOMC meeting represents a dramatic change in attitude at the Fed

I have the good fortune to speak to a wide variety of different traders/investors. It’s always interesting to watch how the different disciplines react to macroeconomic news, but it was especially so yesterday.

My equity pals listened to Powell’s press conference and concluded that he just doesn’t understand how much inflation there is in the system.

“Ho…

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