Closing Bell: Powell presser pumps up market, Gary Cohn reacts, Big earnings movers 2/1/23
Closing Bell
00:00
The Fed's a Hawkish Hawk?
The Fed chair left the door open, as was said, for any potential outcome here. He did say and he did acknowledge the short-term data on inflation. Even if you look at PCE, the month over month of the last three months, we're showing very little inflation in the system. The market expects peak funds at what? 5% or so? That's one more 25 basis point high. And they could basically say they've gotten the market to 5%. So that only works if inflation keeps coming down.
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