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Triple Fedspeak Pushing Back On Recession Fears

US

*FED'S BARKIN (’24 voter) SAYS HE DOESN'T SEE A RECESSION IN THE DATA – bbg

*BARKIN: DATA SIGNALS THAT CONSUMER SPENDING IS HOLDING UP – bbg


*DALY (’24 voter): DON'T SEE A RECESSION, IT'S NOT MY MODAL OUTLOOK - bbg


Bullard (’22 voter): I’m a little sceptical on recession probabilities. Most models have something to do with longer term rates vs very short term rates like 1Y or 3M and those aren’t predicting recession at this point so probabilities probably aren’t that high. We’re in a pretty good shape to take action to get inflation under control.

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