From “bumps on the road” to “lack of progress” and greater uncertainty:
Federal Reserve Chair Powell hardens his characterization of inflation.
#economy #markets
Posted on X
Mohamed A. El-Erian
elerianm
Among the things to watch for today
#FederalReserve Chair Powell’s remarks, including how he characterizes recent economic developments and their consequences for monetary policy; and
The release of the #IMF’s World Economic Outlook, including how/whether it extrapolates…
The markets are now evenly 'divided' between 1 or 2 rate #FederalReserve cuts this year and between no and 3 rate cuts. The implied probability of a rate hike remains very slim. pic.twitter.com/2UGz9Xsb8A