Jerome Powell on Stagflation
“I don’t see the ‘stag’ or the ‘-flation’,” Fed Chairman Jerome Powell said during his Wednesday address. Powell believed inflation would be “transitory.” He believed that the economy would come [...]
Well, today was fun! Asia suffered from the start with heavy selling across the board. Both the Nikkei and HSI closed down almost 4% with Shanghai losing just 1%. Most blamed the IMF down-sizing its growth forecast (from 3.6 to … Continue reading