more to come
Fomc ‘confident’ it is on path to 2% inflation.
Need to see continued good data before beginning rate cuts.
Fully support ‘careful’ approach to policy normalization.
Jan CPI report a reminder that path to 2% inflation may be bumpy.
Banking system sound, resilient; pockets of risk include some office commercial real estate.
No signs of liquidity problems across financial system; monitoring conditions carefully.
Fed balance sheet rundown operating smoothly, reserves are plentiful.
‘Sizable’ overnight reverse repos a ‘buffer’; pleased at steady growth in signups for standing repo facility.
Fomc plans in-depth discussions of balance sheet issues ‘soon’.
This article was written by Eamonn Sheridan at www.forexlive.com. Source