Fed Chair Powell started the second session of semi-annual testimonies before Congress. Below we will present some key takeaways from the Q&A session:
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I stress that no decision has been made on the pace of rate hikes.
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The terminal rate is likely to be higher than we expected.
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The extraordinary strength of the jobs report and the inflation report both pointed in the same direction.
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We have not made a decision about the March meeting and it is data dependent.
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We have critical information before the March meeting.
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No one should believe the Fed can protect the economy in the event of a debt default.
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Congress would have to approve retail CBDC
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We've had our eyes on the whole housing inflation thing from the beginning
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Regarding the transitory mistake says 'if we ever see this pitch again, we'll know how to swing at it'
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The cost of failure to control inflation would be extremely high
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China faster reopening isn't expected to be a big net effect on the US
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We expect China's impact to be moderate overall
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Notes that oil prices could be affected by China reopening and notes that it's more of a concern for Europe
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Lower housing inflation is a big reason everyone thinks inflation will go down
เริ่มเทรดทันทีวันนี้ หรือ ลองใช้บัญชีทดลองแบบไร้ความเสี่ยง
เปิดบัญชี ลองบัญชีเดโม่ ดาวน์โหลดแอปมือถือ ดาวน์โหลดแอปมือถือUS500 rebounds from daily lows and approaches psychological 4000 pts level. Source: xStation5
