Fed maybe already walking back the “hawkish” (to them) tone of their December minutes release with this new WSJ leak late yesterday here:
Heard on the Street: Stocks sold off Wednesday on somewhat hawkish Fed minutes from a December meeting when the Covid-19 variant was less of a factor https://t.co/7hcj3mYQBH
— WSJ Markets (@WSJmarkets) January 5, 2022
Stresses that the current state of the CCP virus pandemic has worsened considerably since the mid December meeting… which they have been consistently wary about in their comms…
They're gonna raise and raise and raise.
ReplyDelete2018 then might be instructive… they raised to the point equities were down 20% by December then abruptly reversed In January…
ReplyDeleteAlso remember it’s an election year.,,
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