Cents and Sensibility: the Inflation Guy Podcast
Business:Investing
Today the Federal Reserve raised the overnight Fed Funds rate 50bps - the largest such increase since May 2000 (and the Inflation Guy is sticking by the title of this episode since technically the 20th century didn't end until 12/31/2000!), and Chairman Powell strode confidently to the microphone in the post-meeting presser. How does this action, and what Powell said, impact the inflation outlook and why did the markets behave the way they did? (The answers are: not much, and for unhealthy reasons, but listen to the podcast anyway.)
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