Fed Powell “not likely to admit that the inflation fight’s over.”

This market continues to rally on the idea that rate cuts are coming. It's really just momentum. Let's put it this way.Before Powell spoke at Jackson Hole, there was already about a 10% likelihood of a 50 basis point cut. I do think that the chairman is is not likely to admit that the inflation fight's over. Also, if you read through that FOMC statement, it basically says that stable prices are the key to maximum sustainable employment.That initial jobless claim seems to have overshadowed a bit the CPI prin ...