More from Feds Daly: There is a sense we will get rates up to a level and stay

• Bank stresses have stabilized
• Fed has tools for monetary policy, financial stability and they don't compete with each other
• Expects inflation to end 2023 a little above 3%
• Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term expectations are anchored, allowing us to take a couple of years to bring down inflation
• Policy tightening is at a point now where we don't expect to continue to raise rates every meeting
• There is a sense we will get rates up to a level and stay
• Does not want to forecast the end of a tightening cycle
• Inflation report today was good news
• Will look in CPI inflation to see if core services ex housing are coming down

The shelter costs within the inflation report today showed a gain of 0.6%.

• Services ex shelter came in unchanged at 0.0%
• Core services ex shelter were still up +0.4% vs +0.43% prior

The core services ex shelter were still up 0.4% versus 0.43% prior, but the services ex shelter were unchanged. The Fed The Fed "The Fed" is a short-hand that refers to the Federal Reserve or Federal Reserve System, the central banking system of the United States. Traders often discuss the actions of the Fed, primarily interest rate decisions, as they significantly impact all financial markets.The Fed shouldn't be confused or substituted with the term "the Feds" and doing so tells everyone you're a total noob. The term "the Feds" refers to US Federal law enforcement, including such agencies as the FBI (Federal Bureau of "The Fed" is a short-hand that refers to the Federal Reserve or Federal Reserve System, the central banking system of the United States. Traders often discuss the actions of the Fed, primarily interest rate decisions, as they significantly impact all financial markets.The Fed shouldn't be confused or substituted with the term "the Feds" and doing so tells everyone you're a total noob. The term "the Feds" refers to US Federal law enforcement, including such agencies as the FBI (Federal Bureau of Read this Term is taking a stance that inflation needs to be slain from all angles. It is not just goods, it is services. Then it is not just services, it is core services ex shelter. That measure was near unchanged on the month at 0.4%.

I also get the feeling the Fed does not want to see stock prices rising.

More headlines:

• There's a lot of uncertainty about how long it takes for rate hike's to impact the economy
• There's a lot more in the pipeline of monetary policy tightening
• When credit conditions tighten, it puts brakes on the economy so fed doesn't have to tighten more. Bank lending will contract.
• Most likely there will be no recession
• We do need to slow the economy to get back into balance
• Does not see a pattern forming yet where bank lending is contracting