Energy Crisis in Europe ,Powell Signals, Strong Dollar, Falling stocks, Fighting the Fed,

Описание: The Federal Reserve appears to be on a path to raise interest rates by another 0.75 percentage point this month in the wake of Chairman Jerome Powell’s public pledge to reduce inflation even if it increases unemployment.

Fed officials have done little to push back against market expectations of a third consecutive 0.75-point rate rise in recent public statements and interviews ahead of their Sept. 20-21 policy meeting.

Investors in interest-rate futures markets saw a roughly 75% probability on Wednesday that the Fed will raise rates by another 0.75 point this month, according to CME Group.

Major U.S. stock indexes closed higher Wednesday, with the Nasdaq Composite ending a seven-session streak of declines. Oil prices fell to their lowest level since before the invasion of Ukraine. Treasury yields also declined, with the benchmark 10-year U.S. Treasury yield closing at 3.264%, from 3.339% on Tuesday.

In a speech Aug. 26 in Jackson Hole, Wyo., Mr. Powell underscored the central bank’s commitment to boosting interest rates enough to lower inflation from 40-year highs. “We will keep at it until we are confident the job is done,” he said.

Also, I have had a few comments and questions from folks who want me to do Meet Kevin reaction videos, not on Meet Kevin but on the people doing the hit pieces on him. I probably won't do this and I'll address this in the video.



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