European Central Bank hikes Interest Rate by .5%

Will Powell follow suit?

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No, thinking Fed raises 0.250000%

Wednesday is Powell’s Volcker moment.
5 month stock market rally. Bank failures in the news.
Powell raked over the coals from a senator, who has presidential aspirations, in regards to the likely future recession created joblessness in the country.
Consumers still are spending and credit debt is at an all time high.

I believe Powell stick to his guns will raise rates. And methinks Powell’s legacy is important to him. And he should raise them by .5% to kill the inflation.

It doesn’t matter how bad inflation still is – they think Powell will chicken out at the first sign of pain. If he does, we should never take him seriously again.

Nailed it to 6 decimal points.