Ashes To Ashes

So Powell is saying the usual boilerplate about rates and runoff and whatever. You've also got Evans and Bullard out there backing him up. But how is a 25 basis point fed funds rate hike going to counteract $110 crude oil, $7 corn and $10 wheat? Gimme a break.

Oh, but that's what the MSM pundits will tell you. Powell is tightening. He's in charge and in control. RRRrrriiiggghhhttt . Does he look "in control" of this?...

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Key Economic Events Week of 3/20

3/21 10:00 ET Existing Home Sales
3/22 2:00 ET FOMC Fedlines
3/22 2:30 ET Jerry presser
3/23 8:30 ET Jobless Claims
3/23 10:00 ET New Home Sales
3/24 8:30 ET Durable Goods
3/24 9:30 ET Goon Bullard, of course
3/24 9:45 ET S&P Flash PMIs March

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