Mindblown: a blog about philosophy.
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Fed Chair Powell says Fed has not made any decision yet about the March meeting, Fed is data dependent, will be guided by incoming data; repeats terminal rate will likely be higher than previously expected
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Fed’s Barkin (non-voter) says high inflation means Fed still has work to do, labour market has been unbelievably resilient
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US ADP National Employment* (Feb) 242k vs. Exp. 200.0k (Prev. 106.0k, Rev. 119k)
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Morning Market Report – 8 March 2023
Feeling motivated to tackle the day’s financial reports? Get your caffeine fix and let’s get started!☕
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END OF DAY REPORT March 7th
Get a comprehensive overview on the economic climate in one convenient report.
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FED Chair Powell says nothing about the data suggests we’ve tightened too much and rather suggests have more work to do; data so far suggests they will have a higher terminal rate
Get the Latest on Powell’s Testimony: Implications for Investors and Bankers
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German Chancellor says Federal Government has taken note of latest report by NY Times on Nord Stream pipelines sabotage and a few days ago, Sweden, Denmark, and Germany informed UN Security Council investigations are ongoing and still no results
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fed chair powell says if incoming data indicates faster tightening is required, fed is prepared to increase pace of rate hikes
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Powell’s testimony summary
Fed Chair Powell says if incoming data indicates faster tightening is required, Fed is prepared to increase pace of rate hikes; says ultimate level of interest rates is likely to be higher than previously anticipated Fed would be prepared to increase the pace of rate hikes continues to make decisions meeting by meeting Continue to […]
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Morning Market Report
Feeling motivated to tackle the day’s financial reports? Get your caffeine fix and let’s get started!
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