Fed Chair Powell's Hawkish Speech at IMF Intensifies Market Turbulence🤝
Adding fuel to fire, Powell's scheduled speech at the IMF was surprisingly hawkish, as he cautioned against "being misled by a few months of inflation" (referring to the recent price drops), and that he is not confident that the Fed has achieved the stance to hit their inflation target, and that they won't hesitate to tighten more if appropriate.
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