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Skate to Where the Puck is Going

Aug 26, 2022 • 7 Min Read

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Despite Market Pullback, Jackson Hole was Nothing of Substance

Fed Chair Jerome Powell took to the microphone on Friday afternoon for the first time since he announced the Fed’s prior 75 bps rate increase. Powell has mastered the art of tactful political speech, as he used 10 minutes of words to say nothing of substance. While there was a small corner of the market that thought Powell would cavalierly announce the end of this tightening regime, most expected him to do precisely as he did – stymie overzealous doves that were high off the recent summer rally by using his oft-repeated rhe...

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Skate to Where the Puck is Going

Despite Market Pullback, Jackson Hole was Nothing of Substance

Unlock this article with a FREE 30-Day Trial!

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