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Flash Review: Fed’s Powell Talks Tough But The Market Rallies, As It Sees The End of The Tightening Cycle In Sight

By Brunello Rosa and Nato Balavadze

1 February 2023

In this paper we discuss:

• The Fed's assessment of the US economy, labour market and financial conditions;
• What the Fed decided at its December monetary policy meeting and could do in coming months;
• How the Fed changed its economic outlook since the September macroeconomic projections; and
• The market implications of all the above.

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Download PDF: Fed Flash Review - February 2023

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