4th April 2024

  • Powell Says Fed Has Time to Assess Data Before Deciding to Cut

Too soon to say whether recent price pickup more than a bump

Recent data have not materially changed overall picture

https://blinks.bloomberg.com/news/stories/SBDW47DWX2PS

  • US Services Growth Cools as Price Gauge Drops to Four-Year Low

ISM services PMI declined 1.2 points in March to 51.4

Measures of supplier deliveries and new orders decreased

https://blinks.bloomberg.com/news/stories/SBDERSDWLU68

  • Fed’s Bostic Expects One Rate Cut This Year, in Fourth Quarter

Atlanta Fed chief points to bumpy inflation, economic strength

If price progress slows, Fed will have to be ‘more patient’

https://blinks.bloomberg.com/news/stories/SBDBCGDWLU69

  • Fed’s Kugler Says Lower Rates This Year Likely Appropriate

Kugler sees price pressures easing without big cost to jobs

Says core inflation still ‘meaningfully above’ Fed’s goal

https://blinks.bloomberg.com/news/stories/SBDUCKDWLU68

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