When Doves Fry: Why A Fed Pivot Is ‘Wishful Thinking’
"I think it's a good tale on some level for story books, but it's not driving how I'm thinking about policy," Raphael Bostic told MarketWatch this week, in an effort to dispel the notion that his recent comments on a prospective Fed "pause" in September were an attempt to reinstate the vaunted policy "put."
Bostic's "pause" remark was credited for catalyzing the best week for US equities since November of 2020. It certainly didn't hurt, but month-end rebalancing flows were in play, and as I pu
Would like to add to your comments with San Francisco Fed President Mary Daly’s comment yesterday on CNBC.
She’s no Jerome Powell. A family member who worked with her for two years spoke very highly of her. She is sharp and well-spoken. Knows the role. She points out the need to get to 2.5% and does a good job of noting ongoing variables that may affect Fed actions later this year.
Here’s a link to her chat: https://www.cnbc.com/2022/06/01/the-feds-mary-daly-says-rate-hikes-should-continue-until-inflation-is-tamed.html
H-Man, I think Charlie is on the money and this will be a slow death for equities . . . . .. . and then the resurrection.
H-Man, I don’t generally post twice on anything but saw comments on the consumer is doing fine. Bloomberg is reporting regular folks making $250,000 a year are struggling. If true, what is happening to those people who make $50,000 a year?
Regular folks making $250K are not struggling unless they have taken on debt and obligations unwisely.