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Wednesday, February 22, 2023

Fundamental: FOMC Minutes Suggest Fed Fears Financial Conditions Decoupling, Warns Of Equity Valuations

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Alert Alert Feb 23, 2023, 2:30am
 
Fundamental: FOMC Minutes Suggest Fed Fears Financial Conditions Decoupling, Warns Of Equity Valuations
Tl:dr: Fed Minutes appear to argue against what Powell said during the presser on the decoupling of financial conditions from monetary policy: Powell declined to try to talk down financial markets, pointedly noting that it wasn't up to him to persuade people, saying: "We're just going to have to see." By contrast, it seems like there were others on the ...
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