Last week, the Federal Reserve delivered a 75-basis point rate hike, but Fed Chair Jerome Powell failed to deliver the more dovish rhetoric that many expected. The messaging did not indicate much softening in the stance on the future trajectory of rate hikes, despite an apparent “soft pivot” the week before.

Audio Length: 00:32:35

More By This Author:

Treasury Prepares For Another Debt Ceiling Saga
Stocks Are Priced For Perfection In An Imperfect World
The Fed Got Everybody Drunk on Cheap Money But the Party Is Over