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
- โถCentral banks abroad might recalibrate their own outlook off the back of this.
- โถTrade ties may tighten or loosen as the numbers sink in.
๐๏ธLocal Economy
- โถNeighbourhood businesses tend to feel big economic shifts eventually.
- โถWages and hiring nearby can bend with the wider economy.
๐ฆRates & Banks
- โถBanks generally prefer a wait-and-see approach before touching their rates.
- โถMortgage offers may firm up or soften as the picture becomes clearer.
โค๏ธHealth
- โถSome people feel this news more keenly than others, and that's worth acknowledging.
- โถThe strain, if any, tends to show up quietly in everyday life.
๐ทWealth
- โถNest eggs can wobble briefly before finding their footing again.
- โถKeeping perspective on your timeline usually beats reacting to any single story.
๐ Housing
- โถSurveyors and valuers tend to factor in wider trends gradually, not overnight.
- โถMortgage shoppers may find deals shift only slightly in the short term.