Fed minutes show officials warned rate hikes likely if inflation persists
financeMay 20, 202617239
Justin Wolfers
@justinwolfers.bsky.social
Worth juxtaposing the latest Fed minutes with the subsequent inflation data Fed: “A majority of participants highlighted… that some policy firming would likely become appropriate if inflation were to continue to run persistently above 2%” Inflation data:
18259d ago
And here's how sharply the outlook for interest rates has changed: Fed funds futures have gone from anticipating a couple of rate cuts, to expecting the next move to be higher rates.
Guess they're hoping no one looks at the graph.
Like no one could've seen that one coming!
I think I see some persistence