Powell announced two rate hikes in January fake call with Zelensky

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Bloomberg reports that a conversation was supposed to have taken place in January between the Fed chief and "pranksters" posing as Ukrainian President Zelensky. They were to discuss the economic outlook, the Bank of Russia and U.S. support for Ukraine. The Federal Reserve indicates that no confidential information was given. The same pranksters were said to have recently spoken with EC chief Ursula von der Leyen.

ZeroHedge quotes from the conversation that Powell was said to have indicated that there would be two hikes in line with market expectations, and after that it would depend on the economic outlook. The conversation took place in January ahead of decisions in February and March. Now the market is pricing in one additional hike, which is likely to be delivered next Wednesday.

The dollar is strengthening today, but this is due to pro-inflationary data from the GDP report.

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