โ Independently verified by 2 news sources
Odd Lots: Kansas City Fed President on the Current State of Inflation
This year's Jackson Hole, the first of the Kevin Warsh era, comes at a very interesting time for monetary policy.
Kansas City Fed President Jeffrey Schmid joins Tracy Alloway and Joe Weisenthal on the Odd Lots podcast for a curtain raiser on the symposium and he shares this thoughts on the Fed's ongoing battle with inflation.
(Source: Bloomberg) The policymaker stopped just short of calling for an interest rate hike.
โก Effects Interpreter
๐World Economy
- โถShare prices around the world might swing as traders weigh this up.
- โถCurrencies can shift on a story like this, changing the cost of holidays and imports.
๐๏ธLocal Economy
- โถYour weekly shop could get a touch dearer, or cheaper, down the line.
- โถJobs and trade close to home may feel a soft knock-on effect.
๐ฆRates & Banks
- โถInterest rates and mortgage bills are unlikely to jump straight away from this alone.
- โถCentral banks watch moments like this closely, so keep an eye on savings rates.
โค๏ธHealth
- โถDay-to-day stress can creep up if this starts touching familiar routines.
- โถCommunity wellbeing could dip a little while people wait for clarity.
๐ทWealth
- โถTraders' mood can move your investments before the week is out.
- โถMarket wobbles like this tend to smooth over with time.
๐ Housing
- โถHome costs usually respond later, once the bigger picture settles.
- โถFirst-time buyers might keep half an eye on mortgage rates after this.