February 07, 2023 17:53 GMT
Potential Over Focus On FOMC 'Probably' Needing To Hike Further
FED
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- Mention of probably in the main Bloomberg headline of *POWELL: PROBABLY NEED TO DO FURTHER INTEREST-RATE INCREASES is possibly helping dovish reaction but not wildly different to language from the presser.
- This from Wed Q&A: "You know, we've raised rates four and a half percentage points and we're talking about a couple of more rate hikes to get to that level we think is appropriately restrictive. And why do we think that's probably necessary?"
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