Postaus

BlackRock came out today to cool down the market, saying that people might be overinterpreting the Fed Chair's hawkish remarks — the reason being that a new chair needs to establish credibility through toughness, and with the economy this strong, rate hikes may not necessarily be bad for risk assets. This statement is half true and half a placebo. The truth is: the wording from a single post-meeting press conference does not equal a sustained rate hike cycle, so don't treat a harsh comment as