A Discipline, Not a Decision

Four years ago, Jerome Powell used Jackson Hole to warn markets that rate hikes were going to be painful and longer than expected. It became one of the most consequential speeches of his tenure.Last Friday, new Fed Chairman Kevin Warsh stood at the same podium. The market reacted like it got the same kind of signal. Odds of a September hike jumped from 35% to 60% by the time he finished talking.We think the market missed the point. Again.Read more here: https://insightwealthgroup.com/the-weekly-insight-a-discipline-not-a-decision/