Hints and tips:
...Of course, Waller doesn’t set monetary policy by his lonesome....
...It’s quite groovy; you’ll see people in there like Damien Hirst and Lily Allen but also drystone wallers....
...“If you’d polled 1,000 portfolio managers six weeks ago, I doubt any would’ve said we’d be at these levels now, but there’s a lot of fast money that can move on just one or two events,” said John Kerschner...
...And you’ve got people like Waller talking about cuts within three, four, five months. Katie MartinAnd Waller is not one of your kind of, eh, cut it kind of guys, right?...
...Given all this, if I was a central banker, I’d want to be absolutely sure I’d got inflation licked before cutting interest rates....
...Just ask anyone who bought Japan’s Topix index last year using unhedged dollars: As the above chart shows, they’d have a third of their gains eaten up by the weakening yen....
...He later added the Fed would not wait until inflation had returned to 2 per cent to begin to cut rates because “you’d want to be reducing restriction on the economy well before” that point “so you don’t...
...And as follow-on speeches from the Dallas Fed’s Lorie Logan and Fed governor Chris Waller made clear, central bankers are listening....
...The worst thing we’d have is if it reverses and we’d already started to cut [rates]. (21:00 minutes in) He was echoed by Lagarde last Wednesday: The risk would be worse if we went too fast [with rate cuts...
...I’d be no better than equal weight, or whatever you call it,” he told the audience of analysts and investors....
...The clue you wished you’d written Never even thought about this, because the best clues arise via so many different paths....
...I’d love to hear your thoughts on which statements from central bank officials have been undermined most rapidly by brutal reality. And don’t say “transitory inflation”, that took at least four months....
...Harrison Ford, returning aged 80 to the role that made him a leading man, acknowledged as much as he tearfully accepted an honorary Palme d’Or at the Cannes Film Festival last night and watched a highlight...
...“Before I started prepping for the film, I’d seen a reference to Indiana Jones on Métier’s Instagram – and, being slightly obsessed with leather goods and travel, I wondered if there was something to be...
...Like so many artists over so many years, she’d drained her finances to appear at the festival....
...They put the chances of one at 55 per cent, against our 60 per cent; a year ago we’d both agreed that the odds of a recession were two in three....
...So just the other day, we had some comments from Christopher Waller who is a hawkish member of the Federal Reserve....
...She has made dozens of films in French and one in Romanian, a language she’d never spoken previously....
...It peaked in 2022 with 599 shows — meaning you’d have to watch 1.6 series a day to see all of them....
...Waller adds that there needs to be “clear evidence” that inflation is moving down to the desired level before he would be comfortable stopping rate rises....
...Bowman joins Fed governor Christopher Waller, who affirmed on Saturday that the central bank was “all-in on re-establishing price stability” and said if the data come in as expected he would support another...
...We’d read the openings numbers more cautiously. Consider the big picture. Inflation is the real target here....
...When I stayed last December, Phoebe Waller-Bridge and Martin McDonagh came down to breakfast in the morning....
...If you want some idea of a way forward, I’d recommend the Weekend essay on what the Cold War taught us about containing Russia....
...“We’d consider this shows the claims are demonstrably false,” it said....
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