On today's edition of Boiler Room, Alfonso Peccatiello walks through his most recent article on The Macro Compass titled "A Pivot From Hawkish To...More Hawkish".
This week, the Fed raised rates by 75bp. Many expected the following press conference to be dovish and markets rallied upon anticipation. As soon as Powell spoke, those gains reversed as Powell reiterated “it’s very premature to think about pausing”. Alfonso breaks down the Fed conference, but to hear that, you'll have to tune in!
Referenced In The Show:
A Pivot From Hawkish To...More Hawkish: https://themacrocompass.substack.com/p/from-hawkish-to-more-hawkish#details
Minutes of the Meeting of the Treasury Borrowing Advisory Committee November 1, 2022: https://home.treasury.gov/news/press-releases/jy1074
(01:07) Powell's Press Conference
(06:55) Powell Aims To Regain Credibility
(10:19) A Fed Pivot From Hawkish To...More Hawkish!
(12:25) Monetary Plumbing: Treasury General Account & Reverse Repo
Disclaimer: Nothing discussed on Boiler Room should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.