Cuts in 2023 is not in anyone’s non-market risk-neutral expectation for FOMC dots. We had a flurry of Fedspeak this week, with more than half the Committee making speeches or taking interviews.
New industrial production data are suggesting that domestic auto production may be recovering. This would be a much-needed disinflationary force against a backdrop where disinflation in new and...
Three Big Themes We are starting to see some evidence of the long hoped-for supply response to pandemic price increases in this month’s monitor. One long-running shortage...
We are starting to see some evidence of the long hoped-for supply response to pandemic price increases in this month’s monitor. One long-running shortage ended, leaving only three 2+ year long shortages remaining from the pandemic disruption.
This past week saw a flurry of fedspeak with a bit of a common theme: waiting for the data. The next few weeks leading up to the June meeting will see new readings from a wide range of indicators, PCE and Jobs Day most important among them.
