Four Conditions and One Critical Question for the FOMC
After the market kerfuffle surrounding the April FOMC minutes, recent Fedspeak has been fairly subdued.   This allowed MIG an opportunity to more fully assess the Fed’s data dependence and what it means going forward. We have identified four conditions that need to be met before another rate increase.
Most of these conditions are fairly close to being met. However, one of them – rising inflation - remains somewhat controversial. Though labor markets have tightened significantly and financial conditions favorable for the most part, inflation remains quite dormant. With the US economy rebounding and disinflationary impulses from abroad receding, conditions seem ideal for inflation to rise imminently and that brings us to the critical question...
MIG provides investors with clarity on markets, macro and monetary policy. It combines a rigorous analytical approach with unique insight into central banks based on over a decade of experience. Clients appreciate our clear and accessible communication style
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.