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Jackson Hole remix
For anyone who missed Jerome Powell's speech in Jackson Hole four weeks ago, there was a catch-up session yesterday at the press conference following the Fed's fifth rate hike in as many FOMC meetings (+75bp, i.e. +300bp in six months). The message was simple, the tone serious. To weigh on demand and ultimately reduce inflationary pressures, the Fed intends to continue tightening its monetary policy at a sustained pace until early 2023 at least. This will mean sluggish real GDP g...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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