Core PCE is up .3 % which means the only Question now is how high will Powell raise rates at the next FOMC meeting

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by UstaTheStockMan

He stressed a need for more rate hikes ( Quantitative tightening ) after his one month tactical pause which was done to run bank stress test .

He now says there is a need for two more rate hikes and did not rule out back to back hikes.

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With job growth doing exactly the opposite of what he wants and core PCE rising, i think the possibility for a half point hike is as probable as a quarter point hike.

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I am thinking this is going to be very bearish for the market- especially so the debt heavy tech stocks which are clearly trading at absurd multiples.

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