Talking softly without carrying a big enough hawk

Bloomberg/John Authers/2-1-2023

graphic illustration of a a hawk and dove in flight“On days like these, it’s easy for those of us trying to analyze markets and the economy to slip into the realms of something more like intense literary criticism, or even psychoanalysis.”

USAGOLD note: Auther’s day-after-the-meeting observations…… “So, no, Powell didn’t succeed in sounding very hawkish,” he writes. “Investors didn’t take his professions of tightening intent at all seriously.”

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