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.
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.
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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