We suspect that the Fed will remain hawkish until the employment data turns and will become dovish when consumption sputters. We note at this time that Jim Bullard, the Fed's biggest hawk, has suddenly gone silent. Maybe the economists at the St. Louis Fed see the reality that we see.
We suspect that the Fed will remain hawkish until the employment data turns and will become dovish when consumption sputters. We note at this time that Jim Bullard, the Fed's biggest hawk, has suddenly gone silent. Maybe the economists at the St. Louis Fed see the reality that we see.
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