Fedspeak Monitor 10/20/24
A quiet week of Fedspeak, with Waller and Bostic expressing disappointment in the September inflation data.
A quiet week of Fedspeak, with Waller and Bostic expressing disappointment in the September inflation data.
With fears of rising unemployment falling a bit with the September jobs data, the Committee's focus shifts back a bit towards inflation. As with before the September rate cut, the Committee is divided in its confidence around inflation's path back to 2%.
We had some Fedspeak this week but mostly people stuck to their previous views.
With labor market risk rearing its head, Kashkari and Bostic sound dovish again.
A little bit of post-game analysis from Bowman and Waller. Waller defends 50 by pointing to the implications of the CPI and PPI data received during blackout period for core PCE.