UBS On-Air: Paul Donovan Daily Audio 'US inflation in isolation'
UBS On-Air: Market Moves · Podcast owner
July 31, 20252m 50s
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Show Notes
The Federal Reserve offered no surprises on rates. Fed Chair Powell tried to present the two dissenting views as being rationally based, but investors are bound to suspect that the rationale amounted to little more than an excited jumping up and down and shouting “pick me, pick me” in the general direction of the White House. The press conference gave a slightly hawkish tone in anticipating the trade tax inflation yet to come.