New Overnight Developments Abroad - Daily Update
Powell’s Hawkish Message Received Along With Some Data Surprises
March 8, 2023
TINA is the acronym for there-is-no-alternative, and that is the unflinching stance that the Federal Reserve wants to convey regarding its priority to restore in-target two percent inflation whatever such takes. In day one of Chairman Powell’s semi-annual testimony before congress yesterday, that message was expressed more forcefully than before including the surprise hint that […] More
