While the Fed's rate hike yesterday (Tuesday) may seem to have diminished reaction to today's (Wednesday's) CPI report, it will nonetheless be important.
More Quotes from Conrad DeQuadros:
The Fed is telling us here that they need to check those upside risks to inflation, and those risks have intensified since the March 28 meeting. Two more rate hikes is probably consistent with the view that the end of the tightening process is 'likely to be near.Conrad DeQuadros
I would say that the reports we've had on the labor market over the past three months are more than enough to convince us that the recovery in the labor market is truly in place,
Conrad DeQuadros
The Fed will keep raising rates as an insurance policy to prevent unwanted inflation. We haven't seen a tightening of financial conditions.
Conrad DeQuadros
The speech quietly signaled a 25-basis-point (quarter percentage point) rate hike in February, and was consistent with a further rate increase in March or May,
Conrad DeQuadros
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