The Fed keeps saying it wants to get the inflation rate back to 2%, but that shouldn't be the end goal. Monetary policy should remain tight until the 11% additional inflation we've had since January 2020 above the 2% trendline is erased. bilello.blog/newsletter pic.twitter.com/LNbRY5ZHq5

Entering the year, the bond market was pricing in 6-7 Fed rate cuts in 2024. Today: just 1-2 rate cuts. Video: www.youtube.com/watch?v=qNj72ts8Z-M&t=521s pic.twitter.com/TWrmbOx1KZ

#Fed Governor Waller says "in the absence of a significant weakening in the labor market, I need to see several more months of good inflation data before I would be comfortable supporting an easing in the stance of monetary policy" www.bloomberg.com/news/articles/2024-05-21/fed-s-waller-needs-several-more-months-of-good-inflation-to-cut-rates?utm_source=website&utm_medium=share&utm_campaign=twitter

Some thoughts on why the recent Fed uniformity on rates is not as straightforward as it may seem at first. www.bloomberg.com/opinion/articles/2024-05-22/the-fed-s-uniformity-on-rates-comes-with-risks?srnd=undefined #economy #markets #federalreserve @opinion @markets @economics #econtwitter pic.twitter.com/92t94igm6y