Insights on Federal Reserve Opinions, UK Retail Sales, and Survey Credibility

The market calendar is mainly noise. Quite a lot of that noise has come from Federal Reserve members. Investors can pick whichever view they want, to confirm whatever preconceived policy views they hold. Recent remarks offer a choice of three rate cuts, vigilance against inflation, or too soon to cut rates. The range of views matters less than in the past, given the Powell Fed’s weird unanimity of decision-making.