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"Powell was expected to adopt a confrontational tone today. He was supposed to scold traders for allowing financial conditions to reflect fewer fed funds hikes and easing later this year," said a note from FHN Financial's Chris Low.
"Powell was expected to adopt a confrontational tone today. He was supposed to scold traders for allowing financial conditions to reflect fewer fed funds hikes and easing later this year," said a note from FHN Financial's Chris Low.
“The [Fed] has moved past stage one, debating how fast to raise rates, to stage two, debating how far to raise rates,” said chief economist Chris Low of FHN Financial. “Stage three will be debating how long to keep rates at their peak.”