Fed Pres.
Kashkari is speaking and says Inflation is too high A huge question mark about how long Strait of Hormuz will be closed, that will have a big effect on inflation
Fed needs to get back to 2% inflation, should not move the goalposts. Before the Iran conflict, had confidence that the inflation was heading back down to 2%. Labor market moving sideways, lukewarm Iran shop has upended inflation environment Labor market looks like it’s hanging in there Not sure if it’s policy rate decisions will have much effect on mortgage rates. eg Michalowski