Back and forth on rate expectations continues

Stock market analysis – w/e 3rd March 2023 from Realm Investment Management.

Fed Chairman Jerome Powell will give testimony before the US congress this week and is expected to explain that interest rates will probably need to go higher than recently expected. With persistent low unemployment and inflation remaining high, markets already see the Fed lifting rates above levels anticipated just a couple of months ago and there is no longer a general expectation that the Fed will pivot to easing rates later this year.

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