With higher inflation still a tangible threat, officials cannot rule out the possible need to move beyond neutral.
More Quotes from Robert DiClemente:
While financial markets are focused on all the gloom ... they risk missing the incipient turnaround in corporate profits. Based on the latest GDP figures, corporate earnings probably bottomed in the third quarter. Firms are making the necessary adjustments to restore profitability by reining in their costs, especially labor compensation.Robert DiClemente
People feel generally that we will see some equivalent forward-looking language that guides market expectations to expect action at least into the early part of next year.
Robert DiClemente
You've got this awkward confluence of a Fed that's getting nearer and nearer to some critical level of rates and an inflation forecast that has been more in doubt or more in play than it has been for some time,
Robert DiClemente
The gap between rapid growth and subdued employment is a familiar story reflecting a possible 'once in a lifetime' surge in productivity,
Robert DiClemente
He sees an explicit medium-term inflation target as an anchor for financial markets and a mechanism for Fed accountability.
Robert DiClemente
The wealthiest households took the hardest hit from the equity slide over the past two years and had the largest debt exposure. Since these high-income households are in the best position to withstand deterioration in their financial positions, the shocks are likely to have a limited effect on overall consumer spending.
Robert DiClemente
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