News about rate hikes

From @katie_martin_fx column in today’s @FT — a must read. So much for the Fed’s forward policy guidance: What I find fascinating is that people I respect, both economists and market participants, are all over the place as a group when it comes to their thinking on both what the… pic.twitter.com/D0CSjLhMeO

From the @wsj and consistent with how many others have interpreted the #Fed Chair’s latest remarks. Similar to the last (and opposite) pivot at the end of 2023, this is also consistent with a central bank that is highly data dependent and heavily reactive in its forward guidance. pic.twitter.com/BtPiGIWO4Q

BONUS ODD LOTS: @tracyalloway and I talked to Richmond Fed President Tom Barkin in Mt. Airy, NC about his macro outlook and why he's not too worried about the hotter-than-expected inflation prints we've seen so far in 2024. www.bloomberg.com/news/articles/2024-04-19/richmond-fed-s-barkin-sees-healthy-but-not-overheated-demand

❖ GOOLSBEE: PROGRESS ON US INFLATION HAS STALLED ❖ GOOLSBEE: 'MAKES SENSE TO WAIT' TO GET MORE CLARITY BEFORE MOVING ❖ GOOLSBEE: PERSISTENTLY HIGH HOUSING INFLATION IS MAIN SHORT-RUN PROBLEM ❖ GOOLSBEE: PROPER FED POLICY GOING FORWARD WILL DEPEND ON THE DATA