Coming up imminently, scheduled at 2200 GMT (17:00 US ET) is Federal Reserve Bank of Dallas President Lorie Logan speaks before event hosted by the University of Texas.
During the US session just passed we had the Beige Book and Fed speakers:
- Beige Book: Contacts generally expected little growth in the months ahead
- Fed's Harker reiterates support for shifting to 25 bps increments
- Fed's Mester: “We’re beginning to see the kind of actions that we need to see"
- Bullard: Fed wants to err on the tighter side to allow a disinflationary process
Harker didn't clock off at the end of the day, he's kept going:
- More from Fed's Harker - says Fed policy need not be set at very restrictive levels
- More from Fed's Harker - says Fed need to get funds rate above 5%
the general gist of the comments from these officials was they see further rate hikes ahead but at a slower pace. Except for Bullard, he is favouring +50bp still at the next meeting.
While didn't hear from Chair Powell he is never far from the news!
