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Thoughts on Powell’s speech

Powell is delivering this speech at 10:05pm Singapore time.
Most of us will probably be out partying since it’s a Friday night 🤪
Personally, I don’t think there will be a strong dovish or hawkish signal from Powell during his speech. He will probably say the usual stuff like the Fed is data dependent, inflation is falling but caution on re-acceleration / it’s stickiness, higher and longer interest rate environment, something to the effect. Nothing new.
I would be surprised if he gives a very specific guidance on the next rate hike.
Don’t forget, we still have the next CPI figure, unemployment numbers, retail sales data coming up before Sep’s FOMC meeting.
Subscribe to my Youtube channel for weekly updates! Hope to hit 1,000 subscribers soon 🥺
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