The Market is expecting the Fed to raise the benchmark interest rate 25 basis points, but the economic analysis of the different economic data is mixed on whether raising or holding are any better choices or any less harmful.
Hold, raise -- bad time to surprise market?
Hiking into disinflation as economic insurance?
Are transitory political policies beyond the control of the Fed driving inflation?
Raise or hold will Warsh explain and provide dot plot and forward guidance?
If Warsh does not provide some forward guidance and data plot, and he has not done so in the past and is disposed to less communication, the Market will punish him again and more strongly than the last time he was not communicative in the Fed news conference.

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