- It’s an intense moment, there is a lot hanging in the balance
- I dissented last year because we didn’t not have the data that inflation was going away
- This definitely throws a wrench into plans to cut rates
The Fed funds futures market is pricing in about a 30% chance of a rate hike this year.
Miran also speaking:
- POlicy outlook remains for rate cuts
- Pulled back his dots to pencil in four cuts
- Job market is continuing gradual softening trend
- It would be highly unusual for the Fed to react to the oil shock now
- Still not enough clarity to know mon pol should react to current events
This article was written by Adam Button at investinglive.com.
