A Hopium Stock Market Rally on Jerome Powell’s Inflation Progress Report – Mish


Image courtesy of StockCharts.Com

Image courtesy of StockCharts.Com

The Federal Reserve posts a Transcript of Powell’s Speech on Inflation and the Labor Market.

Powell put a spotlight on core Personal Consumption Expenditures (PCE) inflation, noting that it is stubbornly high despite the Fed’s rate hikes. 



Read More: A Hopium Stock Market Rally on Jerome Powell’s Inflation Progress Report – Mish

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