Inflation expectations anchored Should proceed based on what data is telling us Should look through tariff-driven inflation Excluding temporary inflation, PCE is running at 2.5% …
Category: Central Banks
Fed’s Bostic is saying: Eventually got behind the cut this week Dual mandates are in tension supported a cut because it still feels we are …
A surprise in this week’s Fed decision was a hawkish dissent from Kansas City Fed President Schmid, who didn’t want to hike rates. In his …
Logan is backing up Schmid. The KC Fed President Schmid loses his vote next year but he’s replaced by Logan, who is equally hawkish. She …
Has concerns about high and potentially spreading inflation Labor market largely in balance, any stress likely due to structural change that small Fed rate cuts …
Markets are currently not expecting a significant change Again, there’s nothing new here. Expect to hear the same stuff over and over again for more …
HICP for 2025 revised up by 0.1% to 2.1%. 2026 and 2027 unchanged at 1.8% and 2.0% respectively Real GDP 1.2% for 2025, 1.1% for …
The ECB will move when needed but shouldn’t be jumpy Margin of error around 2028 outlook will be large Expect to hear more of the …
Economic situation has gradually improved As expected, they are all coming out with the same old message, that is the current monetary policy is appropriate …
Keeping interest rates unchanged was justified There are both upside and downside risks to growth and inflation There is considerable uncertainty about the inflation outlook …