Powell: Housing Inflation Should Fall In 2023

Powell confirmed wat markets already expected: the Fed is likely to step down to 50BPS, says Collin Martin. He discusses how the markets dip from opening bell highs, as well as the takeaways from Jerome Powell's comments. He talks about how today's PCE data was encouraging. He then goes over how he believes the 10-year treasury yield should decline 3% to 3.5% range. He highlights how Powell said that housing services inflation should begin to fall sometime in 2023. Finally, he goes over some notable data such as the Jobless Claims for the week of November 26th. Tune in to find out more about the stock market today.