The @wsj is right on this: “Even if the Fed cuts, the days of ultralow rates are over.” Also, we are yet to deal fully with the consequences of the over-indebtedness and resource misallocations encouraged by the protracted period of ultra-loose monetary policy. #economy… pic.twitter.com/9USXW1q8om

From the Bloomberg article, “Fed Rate-Cut Debate Shifts From When Toward If on Inflation Data:” Fed Chair “Powell has kept the committee united in its rate path, with no dissents in nearly two years, but there are some signs of strains. Until recently, Powell had sounded dovish… pic.twitter.com/1wbDAzrrtx

A great op-ed by @Claudia_Sahm explaining why a strong US economy doesn't mean the Fed has to delay its rate cuts www.bloomberg.com/opinion/articles/2024-04-25/us-gdp-strong-economy-doesn-t-make-the-fed-s-job-harder?utm_source=website&utm_medium=share&utm_campaign=twitter via @opinion

Bonds rally as Fed’s preferred #inflation metric not as bad as feared. PCE deflator rose to 2.7% in March from 2.5% in Feb vs 2.6% expected. Core PCE, the Fed's preferred measure of underlying price pressures, remained at 2.8%, compared w/an anticipated fall to 2.7%. First full… pic.twitter.com/LxaZTkntcL