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Brainard: Very Hard To See Case For September Pause

FED
  • Going against Bostic’s recent argument and broadly in line with Powell’s previous interview comments that neutral rates aren’t a “stopping or looking-around point”: *BRAINARD: VERY HARD TO SEE CASE FOR A PAUSE IN SEPTEMBER - bbg
  • She pushes back on Waller’s 50bps at ‘several’ meetings view though, at least for now:
  • *BRAINARD: MARKET PRICING FOR 50 BPS IN JUNE, JULY REASONABLE - bbg
  • *BRAINARD: GETTING FUTHER OUT IS HARDER TO SAY - bbg
  • *BRAINARD: DON'T HAVE A CLEAR SENSE OF WHERE WE'LL BE IN SEPT. – bbg


  • Other comments:
  • *BRAINARD: WATCHING HOME SALES VERY CLOSELY, WHICH HAVE SOFTENED - bbg
  • * FED VICE CHAIR BRAINARD: ON INFLATION, LOOKING TO SEE A CONSISTENT STRING OF DECELERATING MONTHLY PRINTS ON CORE INFLATION BEFORE FEEL MORE CONFIDENT ON GETTING TO 2% GOAL - Reuters

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