Bloomberg reports that a conversation was supposed to have taken place in January between the Fed chief and "pranksters" posing as Ukrainian President Zelensky. They were to discuss the economic outlook, the Bank of Russia and U.S. support for Ukraine. The Federal Reserve indicates that no confidential information was given. The same pranksters were said to have recently spoken with EC chief Ursula von der Leyen.
ZeroHedge quotes from the conversation that Powell was said to have indicated that there would be two hikes in line with market expectations, and after that it would depend on the economic outlook. The conversation took place in January ahead of decisions in February and March. Now the market is pricing in one additional hike, which is likely to be delivered next Wednesday.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThe dollar is strengthening today, but this is due to pro-inflationary data from the GDP report.
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
