Hints and tips:
...“Demand has held up surprisingly well given how much prices have risen,” said Michael Zdinak, who leads S&P’s US consumer markets service....
...“Despite the tightening implemented to date, the [FOMC] still sees the labour market as tight and inconsistent with price stability,” said Michael Gapen, US economist at Bank of America....
...Bullard appeared to withdraw those comments on Monday, saying that he would defer to Powell on such decisions....
...“Every morsel of commentary from a Fed speaker or piece of data does have a fairly outsized impact,” said Michael de Pass, head of Treasury trading at Citadel Securities, one of the biggest US market makers...
...Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley....
...Michael Feroli, chief US economist at JPMorgan, said the Fed could proceed at a faster clip, with one more rate increase tacked on to each year....
...said Michael Pond, head of global inflation-linked research at Barclays. “The more the Fed is concerned about too high inflation, the less the market should be concerned.”...
...England legends Bobby Moore, Frank Lampard and, er, Jimmy Bullard have all tried the former....
...michael.mackenzie@ft.com...
...Topping the doom scales, James Bullard of the St Louis Fed believes the US unemployment rate may climb to 30 per cent, while the economy faces a growth hit of minus 50 per cent, taking us back to the depths...
...You can email me on michael.mackenzie@ft.com and follow me on Twitter at @michaellachlan....
...Michael de Pass, the global head of US Treasury trading at Citadel Securities, said the deeper inversion of the yield curve traced back to concerns the Fed is moving too slowly to lower rates....
...Dexter Bullard’s staging, which comes to Broadway from Chicago’s Steppenwolf Theatre Company, unfolds in an energetic naturalist style typical of that ensemble....
...In addition to Mr Powell’s remarks, James Bullard, president of the St Louis Fed, told Bloomberg TV that a rate cut of 50 basis points at the central bank’s next meeting in July “would be overdone”, disappointing...
...Other officials, including St Louis Fed president James Bullard, said Friday a rate cut may be warranted if price growth remains soft later this year....
...The strongest hurricane to make landfall in the Florida panhandle, Hurricane Michael, was just last year. It was the first storm to hit the US as a Category 5 since Andrew....
...The roster includes Walt Disney, TripAdvisor, Michael Kors’ parent Capri Holdings, Viacom, CBS and others....
...Mr Bullard, one of the most dovish members of the Fed board, was the lone dissenter at last week’s Fed policy meeting....
...Michael Feroli, a US economist at JPMorgan, said one of the reasons he thought the Fed would move by 25bp was that the economic outlook was not dire enough to warrant a bigger cut....
...Additional reporting by Alice Woodhouse in Hong Kong and Michael Hunter in London For market updates and comment follow us on Twitter @FTMarkets...
...Randy Bullard, Alexandra Aguirre, Enrique Conde, and Juan Delgado are all joining the firm from Greenberg Traurig....
...Speaking on CNBC at Jackson Hole, James Bullard, president of the St Louis Fed, said on Friday that there is no good reason to take on the yield curve and possible recession risk....
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