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The Fed ‘Will Love Me Even If I Don’t Listen’
"I'll be over 5% and I see staying there for some time," Esther George told CNBC on Thursday.
She was referring, of course, to the terminal rate. "Holding that until we get evidence that inflation is actually coming down is really the message we're trying to put out there," she added.
That message (which born-again hawk Neel Kashkari likewise sought to drive home in a blog post) both is and isn't resonating with traders.
On one hand, the fact that risk assets tend to frown at evidence of ongo
I hope the Fed will act rationally. I also expect this cycle to be drawn out.
I like to say, there will be blood. But there will also be earnings, and they won’t all be bad.
I like Savita Subramanian’s take at BofA Securities. She suggests buying small-caps, which are my biggest focus these days. Specifically, I like small-cap tech. Yes, everything is down today. I hope to be more comfortable by Q4 of this year.
I’m still more focused on the question of whether the Russian beast can be tamed and whether nukes will be used in the process.
Who is the Fed’s Daddy? When I was growing up, one of the mystifying ways we used to defy my mother was not coming to the dinner table in a timely manner to eat a delicious homemade meal while it was still hot. She would ring a cowbell for anyone outside and yell upstairs for anyone up there, but only those of us she personally ran into and swept up came to the table at first call. She would do another round or two until my Dad would intervene and loudly bellow “Who needs a SPECIAL invitation?” That was our sign to drop everything and come running.
perahps @ChgoDave can help answer that. What does he need to see before capitulating?