It can be hard to keep up with all of the Fedspeak out there. We track that for you by reading and watching every speech, town hall, essay, and interview we can get our hands on and curate that in an easily digestible form. We pull out the relevant and interesting quotes from FOMC members and provide up-to-date estimates of each individual member’s SEP dot.
Fedspeak Monitor
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Just a bit of Fedspeak after this week's FOMC meeting, none of it particularly revealing.
Fed officials across the board are now saying that the last three months of inflation data have pushed back the timing for rate cuts.
In the wake of a hot CPI print, members openly pushed back the timeline for cuts.
A lot of Fedspeak this week, but not too much new was revealed. Committee members mostly confirmed what we thought their positions were.
A handful of Fedspeak this week. Not much unexpected was revealed.
Light week for Fedspeak after the FOMC meeting and press conference. The only speaker this week was Bostic, who indicated that he projects one cut (two previously).
Powell did his best to be as boring as possible during Humphrey Hawkins, but he distinguished himself from some more hawkish statements from other committee members over the past few weeks.
While no one revealed anything new about their expectations for the timing or size of rate cuts this year, the committee was keen on trying to downplay the hot January 2024 data.
Across the board, from presumed hawks to doves, the message from committee members this week is fairly unified: they are spooked by January's inflation data.