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re: CPI comes in hotter than expected, S&P 500 down 1%
Posted on 2/13/24 at 1:09 pm to slackster
Posted on 2/13/24 at 1:09 pm to slackster
quote:I've amazed at how tethered people have been to this wishcasting for years now. On the way up, they would act us if there was some big mystery to unravel, when, in fact, Powell was just straight up saying every time exactly what he was going to do!
The 5+ rate cuts narrative from the fall has basically lost all of its momentum.
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