Jim Bianco: Powell focused on just one idea ... no pivot!
Jim's talking points can be found at:
\n1:38 - Market response to Powell's comments.
\n4:50 - 4% Fed Fund Rate?
\n9:17 - Hiking at the expense of the Labor Market.
\n15:23 - Investment Grade & High Yield Spreads.
\n19:37 - 50 or 75 BPs based off of Payroll?
\n20:27 - Rapid Fire: 50 or 75 BPs? Rate Cut in 2023? 3.50% Peak on the 10Yr?