Fed Policy

Just a bit of Fedspeak after this week's FOMC meeting, none of it particularly revealing.

The data is consistent with those hoping for a soft landing—and soft landing cuts.

Every member that's spoken since the March meeting has expressed both a further desire to be patient on starting rate cuts (in response to the inflation data) and confidence that holding rates steady for longer will, on the margin, come with less downside risk to the labor market.

Most of the Personal Consumption Expenditures (PCE) inflation gauges are sourced from Consumer Price Index (CPI) data, but Producer Price Index (PPI) input data is of increasing relevance, import price index (IPI) data can prove occasionally relevant. There are also some high-leverage components that only come out on the

There was a lot to like from the FOMC press conference this week. Here are the highlights from Powell’s press conference.