Fed vs. the data, Dudley writing calls on the S&P

Posted on June 27th, 2017

US economic reports have significantly underwhelmed expectations in recent months.  Confidence indicators may be ebbing, and the rebound in Q2 appears quite modest following a weak Q1.  Inflation indicators have slumped in recent months.  The Fed policy tightening stance now appears to rely almost solely on the labor market; if this were to lose momentum, […]