UBS On-Air: Paul Donovan Daily Audio 'Depending on understanding data'
UBS On-Air: Market Moves - En podcast av Client Strategy Office
Federal Reserve Chair Powell’s cry of “hike, hike, hike” was evident in the Senate testimony yesterday. Powell stressed “data dependency” but not “understanding the data”. Profit-led inflation and seasonal adjustment distortions may slow disinflation early in the year, and accelerate disinflation later in the year. Despite some articulate questioning, Powell failed to elaborate how policy tightening will transmit to reversing profit-led inflation.
