“The markets” are calling Powell’s bluff, as the Fed has no intention of tightening for real

“Reality is financial conditions are the loosest since April 2022.
Unlike Volcker or previous Fed Chairs he never even raised rates above core inflation.”

Reality is financial conditions are the loosest since April 2022.
Unlike Volcker or previous Fed Chairs he never even raised rates above core inflation. pic.twitter.com/QX9m9pvpN6

— Sven Henrich (@NorthmanTrader) June 29, 2023

h/t Simian_Stacker