Powell’s in Sweden. Rates Will Likely Go Higher Still Despite Companies’ Pain.

Investors looking at Federal Reserve Chairman Jerome Powell’s speech at a conference at Sweden’s Riksbank Tuesday will be tempted to carefully parse his words for any hint as to when the interest-rate increases will stop.

There will probably be less nuance to his remarks than first appears. Powell will certainly utter a few on-the-one-hand, and on-the-others. But the message will be the same one given by the latest minutes and two speakers on Monday–interest rates have further to rise.