From Bloomberg (below) on a closely watched US wage indicator. On a standalone basis, this suggests no quick relief for the #FederalReserve from rather sticky #inflation, especially in the services sector. The associated policy complexities are amplified by (bottom-up) signs of… pic.twitter.com/olpfc8Mssx

"An ancient Chinese proverb that counsels “do nothing, and everything will be done” could sum up the Federal Reserve’s latest approach to interest-rate policy." The above and the attached are from @NickTimiraos's article in the @WSJ, "Fed to Signal It Has Stomach to Keep Rates… pic.twitter.com/E8g1otnaRz

📺Thanks @SullyCNBC for having me on "Last Call" @CNBC! 1️⃣ "Stagflation" misnomer: 3% #GDP growth & <3% #inflation 2️⃣ Forward-looking perspective: cooler labor demand, softer income growth & + consumer scrutiny 3️⃣ Elevated risk of #Fed mistake www.cnbc.com/video/2024/04/30/fed-policy-makers-need-to-be-a-bit-more-cautious-says-ey-parthenons-greg-daco.html @EYnews pic.twitter.com/eFP46TGcBp

Fed to Signal It Has Stomach to Keep Rates High for Longer www.wsj.com/economy/central-banking/federal-reserve-meeting-interest-rates-inflation-6dcb05e8?st=8oxltwlnea3c3ot