Fed Speakers Will be Closely Monitored for Changes in Tone
Dow Jones
Sep 29
0744 ET - It's another heavy Fedspeak day with Fed governors Michael Barr, Christopher Waller and Michelle Bowman, as well as New York Fed President John Williams all slated to offer their views on the economy. Deutsche Bank's economics team says it will monitor their speeches for any changes in tone regarding financial conditions in the wake of the sharp rise in bond yields, but all-in-all Fed officials seem to be "singing from he same hawkish hymnal." The economists expect two additional 25 bps hikes in December and March, though "a further tightening of the labor market, stubborn underlying inflation, or evidence that AI-related capital expenditure is broadening demand could bring an October hike into play."
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