Powell will Spook Markets Tomorrow

- Federal Reserve Chairman Jerome Powell will be speaking tomorrow at a fireside chat in Washington DC at 1:15pm. - Powell is expected to discuss inflation remaining above the two percent target, strong labor demand impacting interest rates, and higher prices affecting the retail sector. - In a prior speech on December 01 2023, Powell mentioned penciling in 3 rate cuts for 2024. - Investors should hedge their investments as any guidance in line with previous speeches could cause an overreaction in the market.