Fedspeak Monitor 9/29/24
With labor market risk rearing its head, Kashkari and Bostic sound dovish again.
Federal Reserve
187 posts
Paid-members
Fedspeak Monitor 9/22/24
A little bit of post-game analysis from Bowman and Waller. Waller defends 50 by pointing to the implications of the CPI and PPI data received during blackout period for core PCE.
The Fed Embraces Preemptive Action
“The time to support the labor market is when it’s strong, and not when you begin to see layoffs.”
The Fed Should Keep Unemployment Expectations Anchored
We will be hoping for two things at the September meeting this week: a 50 bps cut and minimal upwards revisions to the unemployment rate projections in the Summary of Economic Projections (SEP).
September 2024 FOMC Preview
Our new baseline is a 50 bps cut with a total of 75 bps of cuts in the SEP for 2024. It’s a close call but we think a 50 bps cut is more likely than a 25 bps cut. We think a 50 bps point cut is the right move.
