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

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

The Fed’s Quantitative Easing Program Cost Too Much via former New York Fed President Dudley www.bloomberg.com/opinion/articles/2024-04-30/the-fed-s-quantitative-easing-program-cost-too-much