What to expect from Powell’s speech tonight
@Just Do It：
Yesterday, Atlanta Fed President Raphael Bostic said he basically expects two more rate hikes to bring the terminal rate to 5.1%, which is consistent with last December's forecast, but if the economic data continues to be stronger than expected, he may support another 1 number of rate hikes on top of that, or even not rule out 2 numbers to bring the terminal rate above 5.6%! And Powell is going to speak, if he also so state that the Fed's March dot plot may again raise the terminal interest rate, then this will greatly change the optimistic expectations of the financial markets, and not only the stock market, even the housing market may continue to sluggish after a good stabilization. According to a simple and clear headline in the Wall Street Journal, the real estate market is showing sig