Fed's Logan: I wasn't convinced inflation was easing enough even before the war started
News brief
Comments from the Dallas Fed President:Was quite challenging to do most recent round of Fed forecasts Swift war resolution may mean economic impact might be pretty moderate Policy is positioned to respond to data, Fed prepared to make adjustments as needed US has some buffers to impacts from the war Key question is if war disruptions induce investment…………………………………
Why traders care
For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment.
What to watch next
- Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.
Comments from the Dallas Fed President:Was quite challenging to do most recent round of Fed forecasts Swift war resolution may mean economic impact might be pretty moderate Policy is positioned to respond to data, Fed prepared to make adjustments as needed US has some buffers to impacts from the war Key question is if war disruptions induce investment… There has been a big turnaround in markets as there is some sense of a TACO coming. I flagged the bond market seeing this first and now it's spreading. There is a sense that someone out there is trading on insider war information. Fed's Logan: I wasn't convinced inflation was easing enough even before the war started · FundoraPro News
In real news, IRNA reports that Iran has drafted a protocol with Oman for traffic in the Strait of Hormuz and that could be helping as well. For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline. Fed's Logan: I wasn't convinced inflation was easing enough even before the war started · FundoraPro News
