Fed's Williams: Fed Policy is Barely Restrictive Right Now; Financial Conditions Have Tightened a Lot in Last Year

tweet at 9:22am: FED'S WILLIAMS LABOR MARKET IS VERY STRONG tweet at 9:23am: FED'S WILLIAMS WE STILL HAVE WORK TO DO ON RATES tweet at 9:25am: FED'S WILLIAMS: A PEAK RATE OF 5%-5.25% IS STILL A REASONABLE VIEW. tweet at 9:25am: WILLIAMS: THERE IS A LOT OF UNCERTAINTY AROUND INFLATION OUTLOOK tweet at 9:26am: FED'S WILLIAMS: INFLATION COULD PROVE MORE PERSISTENT FOR CERTAIN REASONS.

tweet at 8:52am: ECB'S DE GUINDOS: INFLATION IS STILL A CAUSE FOR CONCERN. tweet at 8:55am: ECB's Guindos: - Inflation Still A Reason For Concern - Wage-Price Spiral Must Be Avoided - ECB Must Bring Inflation Back To 2% - Markets May Be Too Optimistic About Inflation Trend tweet at 8:55am: ECB'S DE GUINDOS: MARKETS MAY BE TOO OPTIMISTIC REGARDING THE INFLATION TREND. tweet at 8:55am: ECB'S DE GUINDOS: AFTER MARCH, I WOULDN'T RULE OUT ADDITIONAL RATE INCREASES.

tweet at 9:52am: Fed's Cook: - Strongly Committed to Both Price Stability and Employment Mandates of the Fed - Data Are Telling a Pretty Clear Story of a Historically Strong Labor Market, with Still Elevated Inflation - Inflation is Still Running Too High Even Though It Has Moderated tweet at 9:54am: FED'S COOK: THE FED IS INTENT ON RESTORING PRICE STABILITY AND WILL REQUIRE RESTRICTIVE MONETARY POLICY FOR SOME TIME. tweet at 9:54am: FED'S COOK: WITHOUT STABLE PRICES, IT WILL BE HARD TO MAINTAIN MAXIMUM EMPLOYMENT. tweet at 10:00am: FED'S COOK: I BELIEVE INFLATION CAN BE CONTAINED WITHOUT A LARGE INCREASE IN UNEMPLOYMENT. tweet at 10:03am: Fed's Cook: - In Times of Uncertainty Important Not to Take Too Much Signal From Two or Three Data Points - Will Use Tools Forcefully To Avoid Entrenched Inflation - Appropriate Now to Move in Smaller Steps as Fed Assesses Cumulative Impact of Rate Increases So Far

tweet at 10:00am: ECB'S KNOT SAYS HEADLINE INFLATION APPEARS TO HAVE PEAKED: MNI tweet at 10:00am: ECB'S KNOT: I EXPECT US TO TAKE SMALLER STEPS ONCE WE SEE A CLEAR, DECISIVE TURN IN UNDERLYING INFLATION DYNAMICS. tweet at 10:00am: ECB's Knot: - Headline Inflation Appears to Have Peaked - Sharp Decrease in Energy Prices Could Bring Down Headline Inflation Faster Than Projected by ECB - Slowdown in Growth Seems Even More Shallow, Short-Lived Than Expected; Sees Probably No Recession In Winter tweet at 10:11am: ECB's Knot: -It will take time for core inflation to slow -Core services inflation could prove persistent tweet at 10:19am: Ecb's knot: i sees early signs of tightening in the housing market and credit.