Powell Q&A: Noted that officials talked about path for cuts today ...Middle East

Far too early to declare a soft landingI have always felt there was a possibility economy would avoid recessionThere's always a possibility of recession next yearLittle basis for thinking there's a recession nowThere was a general expectation that rate cuts will be a topic of conversation going forwardThe moves in the market has been huge. USD/JPY is down 225 pips on the day now and 2-year yields down 25 bps. This might be the last chance to get 4% 10-years, which is wild given that they were above 5% just six weeks ago.More:We are pleased with progress but need to see further progress on inflationFair to say that there is a lot of uncertaintyThere is a back-and-forth with market pricingIn t

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Powell Q&A: Noted that officials talked about path for cuts today ...Middle East

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