Tag: Federal Reserve
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Market FIRE Review, Outlook, and Commentary: March 2023 – Bank Failures, Declining But Still Elevated Inflation, and Lower Interest Rate Hikes Expected
Since the last Market FIRE Review, Outlook, and Commentary from February 2023, market developments have led to terminal interest rate expectations to first go up before going down, as hawkish Congressional testimony by Fed Chair Powell was followed by a slightly declining February CPI reading and two regional bank failures that triggered federal intervention and…
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Options Trading Update: Fed Chair Powell Congress Testimony 3/7 and 3/8/2023
Yesterday, 3/7/2023, Fed Chairman Jerome Powell provided his semiannual testimony to the U.S. Senate Banking Committee, where he stated that higher interest rates than expected will likely be needed to defeat the persistently high inflation levels that currently pervade the economy. This means that the “terminal rate” for the federal funds rate is now expected…
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Market FIRE Review, Outlook, and Commentary: February 2023
Since our year-beginning 2023 Review Outlook, and Commentary, the bull run in the stock market has largely continued into early-February, with only some mild signs of a pullback by mid-month. Technical indicators and economic developments support a continuation of this recent pull-back, though not to the degree that the gains since the start of the…
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