James Knightley

peerage person ID=235816

14 stories

10 quotes

The middle- and lower-income households, for whom income is so critical to spending power given the lack of financial assets, have been under less financial pressure than feared,
We recognise that the Fed has missed its inflation target for the past five years, and Kevin Warsh wants to put an end to this trend. Nonetheless, consumer inflation expectations are within tolerable ranges, suggesting little risk of second-round price effects from the energy spike,
We recognise that the Fed has missed its inflation target for the past five years, and Warsh wants to put an end to this trend. Nonetheless, consumer inflation expectations are within tolerable ranges... Meanwhile, market inflation expectations have plunged,
A clear hawkish shift from the Fed sees the committee split down the middle on whether they will hike rates or not this year,
If the core was to show some signs of pass through, higher energy costs being reflected into other categories as well, then that would ​be the story that would trigger the Fed rate-hike narrative,
This suggests a tougher two-way debate on rates at Kevin Warsh's first (Fed) meeting as chair in June,

Earlier