Fed Chair Powell is kicking off the Q&A portion of his press conference now.
Even as inflation has been reaccelerating, the Fed doesn't seem to concerned.
A long pause still seems to be needed right now.
Follow us @KobeissiLetter for real time analysis as this develops.
— The Kobeissi Letter (@KobeissiLetter) March 20, 2024
Agreed, and in fact the fight against inflation might be just beginning, given the onslaught of inflationary deficit spending coming our (and the Fed's) way.
Source: CBO pic.twitter.com/fIKKFFjtuf— David Sommers (@dgsommersmkts) March 20, 2024
FED CHAIR POWELL: APPROPRIATE TO BEGIN EASING 'AT SOME POINT THIS YEAR' – Bloomberg
Meanwhile, Financial Conditions are the easiest in 2 years, bond spreads are at a few years lows while stocks are at all-time highs pic.twitter.com/FUAHy2c5dp
— Global Markets Investor (@GlobalMktObserv) March 20, 2024
Fed Remains On Hold, But ‘Dots’ Reveal Hawkish Bias
…3 cuts in 2024, but 2025 and beyond all higher rates…
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