Federal Reserve
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
This past week saw the Fedspeak dominated by Chair Powell’s testimony and q&a from the Humphrey-Hawkins Hearings. Twice a year, senators and house members get the opportunity to question the Fed Chair on the conduct of monetary policy in light of the dual mandate...
This past week saw the Fedspeak dominated by Chair Powell’s testimony and q&a from the Humphrey-Hawkins Hearings. Twice a year, senators and house members get the opportunity to question the Fed Chair on the conduct of monetary policy in light of the dual mandate...
Depending on who you ask, this week saw a “hawkish skip” or a “dovish pause” from the FOMC, who declined to raise rates above their current target range of 5% to 5.25%. Most of the week was covered by the Fed’s blackout period, however members Goolsbee, Barkin and
Depending on who you ask, this week saw a “hawkish skip” or a “dovish pause” from the FOMC, who declined to raise rates above their current target range of 5% to 5.25%.
Growing, Slowing, Stabilizing. The economy is continuing to grow, but more slowly, and with fewer higher-order cycles and bullwhips swinging things around. Hiring remains strong, but has fallen from its recovery peak.
One popular narrative thread throughout the post-pandemic labor market was the “Great Resignation.” During the recovery, workers have been quitting their jobs at rates never seen before in the data. Many explanations have been proffered for this phenomenon, such as changing life priorities, workers reevaluating what they want out of
This weeks’ Fedspeak comes against the backdrop of a surprisingly neutral Jobs Day report. This week saw communication from Goolsbee, Barkin, Jefferson, Collins, Bowman, Harker, Master and Bullard.
