Admit when the call gets tougher (from here)
Tomorrow jobs set up
Admit when it is a tough call from here
So the market flew on Powell basically saying the terminal rate is another 75 bps higher in his mind and then he pauses to see how inflation tracks. Fine.
PCE today was basically inline. Fine.
Today's ISM shows an economy in contraction but better prices paid. Fine.
Companies across the board are saying business is…