Fed Chair Jerome Powell is the star of our show after his first testimony and ahead of his first rate decision. Originally published here.
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Jerome Jitters: The new Fed Chair began slowly by signaling continuity but eventually released a hint of another hike in 2018: four in total. Is Powell too optimistic about the economy? Is the government leading with its fiscal stimulus and the Fed just following? We know that Powell sent the dollar higher in the short term, but can it continue forward in the longer term?
Preview: Powell’s words will be tested against reality. Are wages still rising? The Non-Farm Payrolls should provide some answers. In addition, four rate decisions from all over the world make it a very busy week.