President Powell is Officially Trapped and the Bond Market
Level 4 - Turbo Autist
Welcome Avatar! Today we’re going over all of the latest and greatest from the unemployment data and ADP data. In the end this is not great for Powell since the market is effectively betting *against* his credibility. This is a rough situation to be in. If he caves, all credibility is lost and we have entrenched inflation. If he doesn’t cave then we hav…