Intra Week update, I am hedging here...

Powell tone: "I am rather wrong on the economy than on inflation"

Looks like Quad 3-4 will hit until Friday.

The tone from Powell was "I am rather wrong on the economy than on inflation, e.g. we will rather risk a mild recession than getting inflation wrong." At this market tape (new highs) he can afford that. He does not believe in a soft landing e.g. something (mild) must break before we get inflation in check… He ne…