The trifecta of trouble? Powell acknowledges the credit crunch ahead, says inflation and price stability are still a big focus and that they don’t foresee cutting interest rates this year in response to the consequences of the former and because of the latter. No wonder why the stock market closed at the lows.
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About Peter
Peter is the Chief Investment Officer at Bleakley Advisory Group and is a CNBC contributor. Each day The Boock Report provides summaries and commentary on the macro data and news that matter, with analysis of what it all means and how it fits together.