New York Times (March 8)
“It seems even the most bullish on Wall Street now get the message: The Federal Reserve is prepared to raise interest rates until it feels it’s sufficiently beaten back inflation — even if those moves cool off the job market and send the economy into recession.” It will now clearly be “higher for longer.”
Tags: Bullish, Economy, Fed, Higher for longer, Inflation, Interest rates, Job market, Recession, Wall Street
Bloomberg (August 7)
“Sky-high US inflation may finally be approaching a peak as global economic growth sputters and oil and other commodity prices plunge. Now the focus is shifting to how fast and far it will retreat.” The tight job market “is probably the biggest reason why inflation may prove more entrenched than the optimists expect.”
Tags: Commodity prices, Entrenched, Global, Growth, Inflation, Job market, Oil, Optimists, Peak, Plunge, Sky-high, Sputters, U.S.
Wall Street Journal (April 7)
“With inflation high and the job market tight… policy makers are inclined to reduce the Fed’s $9 trillion balance sheet at a much more rapid pace than they did during the quantitative-tightening round that began in October 2017, when inflation was much cooler and the unemployment rate was higher.” The resulting “quantitative-tightening tantrum could go on a lot longer than the taper tantrum did.”
Tags: 2017, Balance sheet, Fed, Inflation, Job market, Policy makers, Quantitative tightening, Tight, Unemployment