Fedspeak Monitor

This week, we have added our current best guess at the September 2023 Summary of Economic Projections dots for each member, which we will continue to update as new Fedspeak comes in.

As long as nothing bad happens — no gnarly inflation prints, no more supply-side shocks, no more land wars in Europe — we look to be on the soft landing path.

A revamped Fedspeak table and a new direction for Fedspeak.

With the Fourth of July falling midweek this week, we did not see very much new Fedspeak. Williams, Logan and Goolsbee all made hawkish comments, suggesting a need for further rate hikes this year.

This week was light on Fedspeak, with new statements from committee members Powell, Daly, Williams and Bostic. Bostic took a dovish note, further reiterating his belief that the Fed should consider the most recent meeting the beginning of a pause, rather than a skip in the hiking cycle.

This week was light on Fedspeak, with new statements from committee members Powell, Daly, Williams and Bostic. Bostic took a dovish note, further reiterating his belief that the Fed should consider the most recent meeting the beginning of a pause, rather than a skip in the hiking cycle. Williams did