Drew Matus
Drew Matus
ammunition fed gives keeps middle people raising rates trying walk
The Fed keeps trying to walk the middle course, and unfortunately that gives ammunition to people who think the Fed should be raising rates more and ammunition to people who think the Fed should be done.
cause economy fed looking pressure raising stop
Looking ahead, we can't see what is going to cause a downturn of enough significance to take inflationary pressure out of the economy and cause the Fed to stop raising rates.
delayed draw fed focus nobody
I don't think this is going to draw much in the way of the Fed's attention. It was delayed for some time, and nobody from the Fed was complaining. They don't focus on it.
fed position puts raising
It puts the Fed in a position they probably don't want to be in, but they'll have to keep raising rates.
benign bring fed feeling inflation mean meeting next people pervasive talks
If we get more inflationary data, that could bring people back to their senses. Just because the Fed talks about inflation in a benign way one meeting doesn't mean that feeling will be pervasive at the next meeting.
aspects becomes bond card fed focus growth higher market oil rallying rather thinks wild
The big wild card becomes what the Fed does about it. That's why the bond market is rallying -- rather than concentrate on the inflationary aspects of higher oil prices, the market thinks the Fed will focus on the growth aspects.
aggressive appear benign fed focused inflation investors itself liked market possibly relatively view worked
The market liked what it didn't see. The market got itself worked up about the Fed possibly being more aggressive about inflation and when that didn't appear in the minutes, investors then focused on a relatively benign view of inflation.
fed ferguson looking role sure top
Ferguson is very operationally oriented. I think that's a role the Fed needs, but I'm not sure that's what administration is looking to put into the top spot.
aggressive clear fed near raising rates seen terms
This is as aggressive as I've ever seen for the Fed in terms of making clear that they're raising rates and that they're not near being done.
actual bit developed economy fed few hike income inflation last payroll pressure rate strong
I think if you look at the way the U.S. economy has developed over the last few months, you still have strong payroll growth, you've got a little bit of inflation pressure and you have very strong income growth. So the actual economy is not all that different from when the Fed started its rate hike cycle.
activity housing
The long awaited drop-off in housing activity may have started.
looking people star
His star is shining. People are looking to him as an unofficial chairman.
current measured moving pace prudent ratify seems stance
I think what this does is ratify the Fed's current stance --- moving at a measured pace seems to be the prudent course.
accelerate areas economy keeps labor market others
All told, we have more of the same. The economy is going to accelerate in some areas and decelerate in others and the labor market is going to be the one that keeps getting squeezed.