Fed's Paese (non-voter) says too soon to rule out further rate hikes; central bank has time to decide the next step on monetary policy
- Still working to achieve price stability.
- Too soon to declare victory on inflation.
- Watching the 10yr yield for signals on financial conditions.
- Path back to 2% inflation will be bumpy.
- Soft landing for the economy remains possible.
- Local contacts report better balance in job market.
- Unclear yet whether tighter financial conditions will provide needed restraint.
- Fed policy is restrictive and impacting "modest" downward pressure on inflation.
Analysis details (17:00)
- Paese is the interim St Louis Fed President, and if still present in 2024, will be a voting member.
09 Nov 2023 - 17:00- Fixed IncomeImportant- Source: Newswires
Subscribe Now to Newsquawk
Click here for a 1 week free trial
Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts