The Credit Strategist

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Feckless

www.thecreditstrategist.com

Feckless

The Credit Strategist Blog

The Credit Strategist
Jul 28, 2022
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Feckless

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Stocks rallied 2-4% each of the last four times the Fed hiked interest rates only to fall in the following days and weeks as investors confronted higher capital costs, rising inflation and slower growth. Yesterday was no exception after feckless Fed Chair Jay Powell suggested the Fed would likely raise rates more slowly going forward. But monetary pol…

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