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Jerome Powell

Taper ‘Tantrum-ette’ – Stocks Pump’n’Dump As Fed ‘Eases’ Balance-Sheet Pressure…

May 1, 2024 at 8:32 pm

The bigger than expected QT taper announcement juiced markets (stocks and bond prices up, dollar down) into Powell’s press conference, then got spooked lower as he admitted “inflation has shown a lack of further progress… and gaining confidence to cut will take longer than thought.”…

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