• FED SAYS GROWTH SLOWDOWN IN 1Q LIKELY TO BE TRANSITORY
• FED SAYS 12-MONTH INFLATION RUNNING CLOSE TO ITS 2% GOAL
• FED FUND FUTURES CONTINUE PRICING ONE MORE HIKE BY OCTOBER

Parse it.

Read the proverbial tea leaves.

Take it to your local palm reader.

Or maybe ask Jon Hilsenrath.

Whatever.

Meanwhile…

"Bernanke Sees Fed Unwinding Balance Sheet Over 4 to 5 Years"

"the courage to predict"

— Heisenberg Report (@heisenbergrpt) May 3, 2017