Central banks continue to feature heavily in the weekly look ahead for the economy and markets, including: Policy meetings in the UK, Australia, Brazil, Malaysia, Mexico, Peru, Sweden, and elsewhere; and Lots of scheduled remarks from #FederalReserve and @ECB officials. Also,…

From @jeffsommer article in the @nytimes, " The Perils of the Fed’s Vast Bond Holdings." www.nytimes.com/2024/05/03/business/federal-reserve-markets-turmoil.html #economy #federalreserve #markets #qe #qt #econtwitter pic.twitter.com/BPNhXlMB5p

The Fed's general intuitions -- not getting overly excited about the disinflation of the second half of 2023, and then also not getting overly excited about the warming in Q1 2024 -- not looking too bad.

Market expectations for Fed Funds Rate: -June 12, 2024: Hold -July 31, 2024: Hold -Sep 18, 2024: 25 bps cut to 5.00-5.25% -Nov 7, 2024: Hold -Dec 18, 2024: 25 bps cut to 4.75-5.00% -Jan 25, 2025: Hold -Mar 19, 2025: 25 bps cut to 4.50-4.75% -Apr 30, 2025: Hold pic.twitter.com/04pJr76y8P