$GOOG $AAPL $MSFT $NVDA $AMZN Powell Transcript From Today: "And that we thought that if the economy performs about as expected, that it would be appropriate for there to be additional 50-basis point increases at the next two meetings, so. But I would just say, we have a series of expectations about the economy. If things come in better than we expect, then we’re prepared to do less. If they come in worse than when we expect, then we’re prepared to do more" "What we can control is demand, we can’t really affect supply with our policies" 0.75% rate hike is NOT off the table & will likely be needed @ one of the next two meetings. Demand destruction is what the Fed is currently enacting & if you remember what Bill Dudley said; "If Stocks Don’t Fall, the Fed Needs to Force Them" "Tightening financial conditions will be key to getting inflation under control" & drive up the unemployment rate and induce a recession marketplace.org/2022/05/12/... youtube.com/watch?t=11&v=Fi...
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