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Chair Powell Tries Not to ‘Rock the Boat’

Chair Powell had “no reason to rock the boat today,” AmeriVet’s Gregory Faranello says in a note about his testimony in the House. “Given where market based financial conditions have moved to it was unlikely he’d show signs of dovishness.”

Faranello expects the Fed to maintain its projection of three rate cuts this year, while incoming data could still change that.

By: Paulo Trevisani