Powell’s comments this week “are indicative that the Fed wishes to continue the process to slow the inflation in the economy,” said Jerry Braakman, president and chief investment officer of First American Trust. “We believe that we have likely seen the last rate hike this cycle. On a significant majority of macro metrics, the economy is decelerating. We expect this slowdown to continue and if so in the next few months, inflation should come in line” with 2%-3%" (MarketWatch).
Read more about the current treasury changes and other market drivers in this article by MarketWatch.
Please note that a paid subscription to MarketWatch may be required.