News about Fed, interest rates

Fed minutes have a few hawkish details: - "Many participants commented on their uncertainty about the degree of restrictiveness" - "Various participants mentioned a willingness to tighten policy further" if needed www.federalreserve.gov/monetarypolicy/files/fomcminutes20240501.pdf

Waller addresses the critique that the Fed is "overly data dependent" This "doesn't make sense to me" given how little the SEP has changed between over the last 12 months Terminal rate projection was consistently around 5.1%-5.6% Q4 2024 rate has been around 4.7%, +/- 0.4 pp pic.twitter.com/rhpCvhrGoM

#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