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All quiet for Juneteenth

NAB Morning Call

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Fed Speakers Still Sounding Very Hawkish About the Pause

Fed speakers still sounding very hawkish aren't they we had wallet and barking over the weekend and goals be talking ominously about the pause last week was a reconnaissance mission which says sounds very ominous it's like well we are going further. I think that dot plot there I say was a little bit contrived I think to send a very strong signal to market so I think it was more designed as a signaling effect rather than a statement of intent but make no bones about it we are inflation is still uncomfortably high in our view on that basis we still have more to do.

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