Hints and tips:
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com. The inflation narrative could flip fast Jay Powell is worried about inflation again....
...Meanwhile, email me your thoughts: robert.armstrong@ft.com....
...Powell was “not giving up” on a Goldilocks scenario, he said on Wednesday....
...Bets of just one cut rose after Powell’s remarks....
...Such factors do not appear to have prompted Powell’s dovishness, at least judging by his remarks....
...“We have time to let the incoming data guide our decisions on policy,” Powell said. “The outlook is still quite uncertain, and we face risks on both sides.”...
...“I think it’s unlikely that the next policy rate move will be a hike,” Powell said....
...Powell said this US “exceptionalism” in the face of weaker global growth meant the central bank could afford to take its time....
...Powell also downplayed the risks that the US’s persistently hot labour market would hinder the inflation fight....
...“We’re doing the best of anybody,” Powell said. “We’ve got the strongest growth and the lowest inflation of the advanced economies.”...
...Robert Armstrong I guess Powell said there’s two reasons. Kate DuguidI like this pronunciation of Powell’s name. Robert ArmstrongOK. It’s Powell. Kate Duguid(Laughter) Like President Jay Powell....
...We saw this online yesterday (h/t @quantian1): . . . “97% of the public agrees” that Basel III Endgame is “bad for working Americans”? What does that even mean?...
...He’s not going to be able to do anything,” Trump said, referring to Powell....
...“The broader situation is that the economy is strong, the labour market is strong, and inflation is coming down,” Powell said....
...Powell said he had never seen a regulatory proposal elicit so much criticism, adding that there were “real concerns” the plans could increase risks to the banking system and undermine market competition....
...To mark this moment while it doesn’t yet feel like a mistake, we’ve added a festive Jerome Powell-themed design to our Redbubble store: — Jerome Powell, Christmas Saviour (black text)— Jerome Powell, Christmas...
...And yet, Powell said, there was still “a way to go” before victory could be declared....
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com. Shadowboxing with the term premium With 10-year yields now at 5 per cent, the rising term premium remains the talk of Wall Street....
...Powell said that the latest readings showed low unemployment was posing less of a threat to the Fed’s 2 per cent inflation goal....
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com. Powell talks tighter financial conditions An economy in rude health buys a central bank time to wait....
...Robert H Wade Professor of Global Political Economy London School of EconomicsLondon WC2, UK...
...Powell has “out-doved” the market. In response, US government bond prices flew higher, while stocks pushed ever closer to a record high....
...The jobs number buried it,” said Robert Tipp, chief investment strategist at PGIM Fixed Income....
...Powell is among Trump’s culprits for his 2020 election loss. There are all sorts of supply shock risks in the Middle East and in east Asia....
...On Wednesday, chair Jay Powell changed the tune....
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