StarFoxisDown!
Well-Known Member
They're not backing off of anything.The market wants less surprises. The minutes that released early this month surprised the market. Now the guidance they have given, they are backing off of and leaving room to move more hawkish. The balance sheet principals were way too vague. This basically added more uncertainty than less.
Powell should have just come out in a T-Shirt that said "We need more data" and then every question he just responds with "We need more data"
Maybe the market would get the clue at that point