Powell testimony (3/7) suggests he wants financial conditions to tighten. But data remains key. Curious divergence of JOLTS vs LinkUp implies Feb “payback”. Per LinkUp, 90% industries see notable declines in openings MoM

Powell was a bit more "hawkish" than expected in his first day of testimony to Congress (Wed is House). Specifically:

Powell indicated Fed is prepared to raise rates at a faster pace if warranted. His statement "As I mentioned, the latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated. If the totality of the data were to indicate that faster tightening is warranted, we would be p...

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