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    'Dovish' Powell Destroys 'Hawkish' Dots; Sends Stocks, Gold, & Crypto Soaring

    March 20, 2024
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    The FOMC dropped its dot-plot and it was unequivocally more hawkish than the Dec dots with 2024 flat at 3 cuts (though more voters moved towards only 50bps), but 2025 and beyond saw rate-cuts erased from the projections...

    Powell reiterated his long-held view that the dot-plot does not amount to a "plan".

    Powell calls the longer run interest rate change "pretty modest".

    “I don’t think we know that,” Powell says about whether this will be a lasting trend.

    However, Powell did admit rates are unlikely to be going ZIRP anytime soon:

    “I don’t see rates going back down to that level but I think there’s tremendous uncertainty on that.”

    If the Fed eases too much or too soon, he says, we could see inflation come back...

    To read more visit Zero Hedge.

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    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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