Powell commits to inflation fight while Roe ruling shapes Midterms

From a markets perspective, last week was highlighted by the testimony of Fed Chair Powell before the Senate Banking Committee and the House Financial Services Committee.  While there were no surprises that impacted markets the chair squarely faced the issue of rate increases leading to a recession.  Under questioning from the Senators and Representatives he conceded that a recession was “certainly possible” due to the unknown of Covid 19 and the war in Ukraine.

This coming wee...

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