Fedspeak Monitor 10/20/24
A quiet week of Fedspeak, with Waller and Bostic expressing disappointment in the September inflation data.
A quiet week of Fedspeak, with Waller and Bostic expressing disappointment in the September inflation data.
With fears of rising unemployment falling a bit with the September jobs data, the Committee's focus shifts back a bit towards inflation. As with before the September rate cut, the Committee is divided in its confidence around inflation's path back to 2%.
We had some Fedspeak this week but mostly people stuck to their previous views.
Make no mistake: this is good news. The Fed has made a commitment to not allowing the labor market to deteriorate further, and we’d rather not see that commitment tested.
With labor market risk rearing its head, Kashkari and Bostic sound dovish again.