It is Fed day and the last few days of increasing market stability will allow them to hike interest rates. The question is if Powell will decide to address the root cause of the deposit flight… Fed Funds is too high relative to bank deposit rates.
Something for your Espresso: Bostic keeps the disinflation narrative alive
Bostic from the FOMC surprisingly hinted of only 25bp steps and a pause this summer. This is a surprise and something that will be tested unless price pressures fade fast this spring.