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Minneapolis Fed President Kashkari (FOMC voter) said in a CNBC interview it’s a decision to pause in June is a close call, adding that if the Fed skips in June, it does not mean the tightening cycle is over
European Central Bank policymaker de Cos repeated that there is still some way to go in the central bank’s tightening campaign.
European Central Bank policymaker Nagel said that several more rate hikes will be needed while ECB President Lagarde repeated that she wants rates to reach a sufficiently restrictive level.
British Chancellor Hunt said that current inflation figures show that there is no room for complacency.
Fed’s Collins:
Fed may be at or near time to pause rate hikes
Inflation too high but sees promising signs of moderation
Watching wide array of data
Banking sector likely to weigh on demand
Pause on rate action would give Fed space to measure impactRichmond Fed’s Barkin:
– Some businesses still saying they need to raise prices
– The labor market is ‘quite tight’
– Demand is definitely cooling, in part because it was overstimulated during the pandemic
– Fed rate hikes are also helping to reduce demandFrom Fed’s Barkin but applies to everything – especially those comparing to the past in markets, economics. That is easily overlooked especially by dribblers:
“Data on productivity is moving in the wrong way but much is unknown about covid impacts on hiring and the labor force”The bond market is turning nervous as we continue to see bond and currency markets roiled by renewed debt ceiling theatrics and more data this week (P
[See the full post at: Central Bank Watch – Resilient Demand and Inflation Data Confusing Bankers and Analysts]
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