From his comments, it is clear that the US Fed will keep raising rates, hoping to bring the housing market to a very soft landing.
More Quotes from Drew Matus:
The labor market is hot and getting hotter, and that is one of the reasons the Fed continues to raise rates.Drew Matus
If we get more inflationary data, that could bring people back to their senses. Just because the Fed talks about inflation in a benign way one meeting doesn't mean that feeling will be pervasive at the next meeting.
Drew Matus
Growth is picking up in the labor market. People are returning to work, working longer hours and making more money. This shows that the economy is healthy. Fears of a soft patch were overblown.
Drew Matus
We expect the recent jump in retail gasoline prices to push down confidence. Optimistic views around the labor market will likely offset some of the gasoline sticker shock.
Drew Matus
There have been historical precedents where people have spent well in excess of what they've earned from foreign trading partners for extended periods of time and nothing has happened. The big wild card is you have a reserve currency (such as the dollar), how much extra room does that give you. That's the 100,000 question, or the 100 million question, or the 1 trillion question.
Drew Matus
This is as aggressive as I've ever seen for the Fed in terms of making clear that they're raising rates and that they're not near being done.
Drew Matus
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