The Fed's chances of pulling off a soft-landing "are very, very low," says Bill Dudley, former New York Fed President and Bloomberg Opinion Columnist https://t.co/owt2IMb5I9 pic.twitter.com/iAYI4yDyZY
— BSurveillance (@bsurveillance) April 6, 2022
DEUTSCHE first big bank to forecast recession
Brainard is amongst the most dovish FOMC members.
She is quoting Volcker.
Let that sink in for a second.
— Alf (@MacroAlf) April 6, 2022
Atlanta Fed GDPNow back below 1% for 1Q22 pic.twitter.com/8gnLFA7mgH
— Liz Ann Sonders (@LizAnnSonders) April 6, 2022
Former NY Fed President Bill Dudley …
The Fed is no longer your friend, they should be actively working to make sure you lose money.
https://t.co/8KXC0D1eyT— Jim Bianco biancoresearch.eth (@biancoresearch) April 6, 2022
Total mortgage demand is now 41% lower than it was a year ago, according to the Mortgage Bankers Association. @DianaOlick has the details. https://t.co/AKSvwxWeyV pic.twitter.com/pt7GIrp2XU
— CNBC (@CNBC) April 6, 2022
Services Sector Prices Soar at ‘Unprecedented’ Rate
How the Fed Just Spooked the Markets
- Fed Governor Lael Brainard and San Francisco Fed President Mary Daly spoke Tuesday, emphasizing the central bank’s commitment to fighting inflation through higher interest rates.
- “It is of paramount importance to get inflation down,” Brainard said.
- Raising rates “is what is necessary to ensure that again, [you] go to bed at night, you’re not worrying about whether prices will be higher, considerably higher tomorrow,” Daly added.