U.S. Fed's Mester - Prudent to hold rates for longer, but welcomes April CPI

May 16, 2024 5:45 PM UTC

U.S. Fed's Powell - Q1 saw lack of further progress on inflation

May 14, 2024 2:25 PM UTC

U.S. Fed's Jefferson - Maintain restrictive policy until more confident

May 13, 2024 2:19 PM UTC

U.S. Fed's Daly - Considerable uncertainty on inflation

May 9, 2024 6:28 PM UTC

U.S. Fed's Collins - Steady for longer

May 8, 2024 5:11 PM UTC

U.S. Fed's Kashkari - Neutral rate may have increased

May 7, 2024 1:28 PM UTC

Fed SLOOS on Bank Lending mostly resilient

May 6, 2024 6:27 PM UTC

The Fed’s Q2 Senior Loan Officer Opinion Survey on bank lending practices generally sustains a less negative tone seen in the last survey for Q1, and does not suggest that the Fed need to have any serious concerns about the business investment outlook. 

FOMC Still Waiting For Data to Justify Easing

May 1, 2024 7:58 PM UTC

The May 1 FOMC statement, and Chairman Jerome Powell’s press conference, while noting recent inflation disappointment, did not deliver a strong pivot in tone. The Fed is still waiting for data to allow easing to take place, but still expects inflation to slow, and looks ready to respond once data

FOMC Preview For May 1: Signaling Concern on Inflation, Tapering Quantitative Tightening

April 25, 2024 7:04 PM UTC

Bottom Line: The FOMC meets on May 1 and rates look sure to remain at the current 5.25%-5.50% target range. The statement is likely to see some adjustments to reflect recent disappointment on inflation while repeating that more confidence on inflation moving towards target is needed before easing. I

Short-end European Government Bonds Following U.S. But June Decoupling

April 22, 2024 1:15 PM UTC

The Fed’s shift to higher for longer has spilled over to drag European government bond yields higher through April.  This now looks overdone as a June ECB rate cut is not fully discounted and ECB officials/data clearly point towards a 25bps cut.  UK money markets are more out of line, with a Jun

U.S. Fed's Goolsbee - Three months of inflation data can't be dismissed

April 19, 2024 6:17 PM UTC

U.S. Fed's Bostic - No need to ease if labor market stays strong

April 18, 2024 4:21 PM UTC

U.S. Fed Beige Book Summary - Similar tone to last report

April 17, 2024 6:14 PM UTC

The latest Beige Book has a similar tone to that of March 6, if slightly stronger on activity, while seeing some easing of labor market tightness but little change in inflationary pressure.

U.S. Fed's Williams - Optimistic and not very hawkish

April 15, 2024 1:09 PM UTC

U.S. Fed's Schmid - Reason to think rates will stay higher for longer

April 12, 2024 7:40 PM UTC

Hawkish remarks from Schmid are probably the most notable of today's Fed talk, with Collins, Goolsbee and Bostic all maintaining the tone of recent comments.

Tone of FOMC Minutes From March 20 is Not Hawkish

April 10, 2024 6:54 PM UTC

FOMC minutes from March show little sign of disagreement and the tone is not hawkish, with participants expecting both inflation and the economy to slow, and there being a clear majority view that the pace of balance sheet reduction should soon be trimmed.  Optimism on inflation is however cautious

Could FOMC Minutes From March 20 Appear More Hawkish Than Powell?

April 4, 2024 6:55 PM UTC

FOMC minutes from March 20 are due on April 10.  Powell’s press conference at that meeting and his subsequent comments have been relatively dovish, downplaying recent strong data though he has also sounded in no hurry to ease. The minutes may show a significant minority expressing greater concern

U.S. Fed's Barkin - Smart to take time on rate cuts

April 4, 2024 4:17 PM UTC