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re: Biden’s worst-case economic scenario is unfolding

Posted on 5/1/24 at 2:43 pm to
Posted by OU Guy
Member since Feb 2022
9373 posts
Posted on 5/1/24 at 2:43 pm to
15:08
Neil Dutta at Renaissance Macro says JayPow characterization of the current policy stance as "restrictive" suggests Powell believes that policy is restrictive. If policy is restrictive, they are more concerned about downside growth risks than upside inflation risks.”

Thus Powell is sticking to the narrative that the inflation surprises this year are just bumps in the road, rather than taking the Fed to a different route. It delays the rate cuts, but rate cuts eventually will come.

sooo... BUY BUY BUY BUY !!!! say the algos
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