Philly Fed President on Yahoo Finance
If demand softens, 50 bps for July may be good
We need to get to 2.50% and quickly
75 bps helps us to get to neutral stance
We should be above 3% by the end of the year
No ready to decide on 50/75 for July 27 meeting
If demand softens, 50 bps for July may be good
We’re starting to see signs of softening demand
The Fed is at 1.50-1.75% so getting to 2.50% might only be one meeting away.
The market continues to price in a terminal top near 3.75%.