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  • Fed's Bullard: we're getting more inflation than expected

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i think usd will weak bcs no action by the fed ( tapering )
Why is this has to be more impact than Georgie one?
We're screwed.
I think because Bullard is one of the Hawks. They won't taper now... probably next FOMC they will talk about taper.
Where can I watch this Jackson Hole Symposium online ?
I think not really fast.. chair still waiting to see the US economy for months ahead then decide.. covid might impact their economy for some times.. we'll see tomorrow
Powell will have to get going on taper. He can no longer ignore inflation numbers.

add: Market has been expecting him to fold but that 6.1% GDP price increase print, he can not ignore.
There really is no need to delay the tapering - UNLESS you are that worried that the economy can't stand on it's own and if that is how the FED feels then the USA is screwed.
...because you never know - until you do!
Pls house what is the effect of tapering on forext market?
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Quoting Mrcl
Where can I watch this Jackson Hole Symposium online ?
You can't, its closed to the public
Tapering is not guaranteed USD bullish.

They can start tapering, reducing by $20b and USD can nose dive heavily, then comments like;

It is already priced in.
Market was expecting $30b
There is no indication of aggressive follow up

all these could be excuses for a USD going down even if tapering start now
Really??? DUH!!
Stimulus packages, multi-year low interest rates, out of control gov't fiscal policies......basic ECONOMICS states that if you INCREASE the number of currency in the system (M1 and M2), it will almost always lead to inflation!
Lost....
Quoting gespiri
Really??? DUH!! Stimulus packages, multi-year low interest rates, out of control gov't fiscal policies......basic ECONOMICS states that if you INCREASE the number of currency in the system (M1 and M2), it will almost always lead to inflation!
EXACTLY...it's just basic economics!!
good On you, mate! keep going
Quoting gespiri
Really??? DUH!! Stimulus packages, multi-year low interest rates, out of control gov't fiscal policies......basic ECONOMICS states that if you INCREASE the number of currency in the system (M1 and M2), it will almost always lead to inflation!
Yup. I don't know why people don't see this obvious conclusion. At least Bullard lives in reality.
Powell cannot just ignore Bullard, he's a clever guy!! . . . . . and Kaplan too!
Quoting Blessed-man
Tapering is not guaranteed USD bullish. They can start tapering, reducing by $20b and USD can nose dive heavily, then comments like; It is already priced in. Market was expecting $30b There is no indication of aggressive follow up all these could be excuses for a USD going down even if tapering start now

This is the way to be thinking. Seriously.

Also we are really waiting on the FISCAL side. The infrastructure bill. Both.

That will take a lot off the Fed. Real spending. Real money moving. Real velocity. Real inflation.

We will probably see yields start climbing once both bills in Congress pass.

Adding to what you pointed out. That spending bill is big for the market. If the market is split on the taper or no taper or the amount. Market could move up or down. And with the spending bill, if the deal is off or lessened, then risk is off in the market.
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