Powell may protest to market expectations, but data in driver’s seat.

Link to slide deck: https://bit.ly/3XUY11O   -

Today we look at the market gunning back higher after a soft employment cost index report for Q4 and, wouldn't you know it, a WSJ Timiraos article touting the possibility of a Fed pause after another March hike. What can Powell and company do today in the press conference to get financial conditions to tighten? And then we have the ongoing blitz of earnings reports, with Meta a concern today after a very weak Snap yesterday. Crude oil, metals, FX and more also on today's pod, which features Peter Garnry on equities, Ole Hansen on commodities, and John J. Hardy hosting and on FX.

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Intro and outro music by AShamaluevMusic