Technical Analysis

Fed’s Kashkari: Inflation is not wage-driven

  • US economy is sending wildly mixed signals
  • This inflation is from demand, not constrained supply
  • We are united in commitment to getting inflation to 2%
  • There is a lot of tightening in the pipeline
  • Fed’s job is to keep inflation in check

We’ve heard from Kashkari and Bullard today. Those two are on opposite ends of the hawk/dove spectrum and there isn’t much daylight between them. Kashkari is a voter next year.

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