The Fed's dovish tilt shouldn't have been surprising

For anyone who maintains a bigger picture view, and ignores the noise of the crowd, Powell's dovish tilt was imminently foreseeable.

Before the Fed’s FOMC meeting, I released a Twitter thread detailing where I saw Fed policy headed.

I concluded that 1) the Fed needs to dial back its hawkishness (as Powell did) and 2) that rates will be CUT in 2H23 (which I continue to expect).

You can view the thread here: