Discussion
I was offline yesterday so was monitoring sporadically before finally getting a chance to watch Powell last night. It’s clear he is comfortable with current market pricing, allowing FOMC members to speak for him, and let the data do the talking. He’s just not going to make waves in an election year in front of Congress. Bostic and Kashkari this week told us where FED policy is going.
Friday’s NFP and next Tuesday’s CPI take center stage.