Markets Live: Reaction to Powell's Fed Comments

The transcript discusses the Federal Reserve's interpretation and market reactions, highlighting the perceived hawkish stance and its dovish market interpretation. It addresses expectations from the Fed meeting, potential recession concerns, and the disagreement between the market and the Fed regarding the terminal rate and rate cuts. The Fed's data dependency and potential future actions are also discussed, emphasizing their flexibility in response to economic changes.

In what ways does the Fed plan to react to economic data according to the discussion?

What does the speaker believe about the terminal rate of the Fed?