Kashkari goes full hawk… the ADP jobs report comes in soft… the FedWatch Tool says hike, but what will Warsh say?… why 3 analysts are backing up the truck on AI
This morning, Minneapolis Federal Reserve President Neel Kashkari went full hawk:
Corporate earnings are through the roof. They’re doing great. The consumer is hanging in there. The labor market is hanging in there.
I look at this constellation and I say, what evidence do I have that monetary policy is particularly restrictive right now?
So, I argued now is the time to start slowly moving up as we get more data in.
