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

❖ Inflation Hotter In Items Americans Can't Go Without: Piper Sandler U.S. inflation is high for non-discretionary items such as insurance and health care, Piper Sandler economists say in a note. "Our CPI non-discretionary basket is running a HOT 6.3% y/y," they say, adding…

FED’S BOSTIC: WE WON'T BE ABLE TO REDUCE RATES UNTIL TOWARDS END OF THE YEAR