SF Fed President’s remarks
- We are joined in following through on the two sides of our order
- We are not finished with our battle against the high expansion
- In my book, 3.4% is a sensible put for us to get to on rates by year-end
- Sees ‘prohibitive’ at 3% not 2.5%
- Nothing in the views right now that shows the delicate landing result is conceivable
The market is evaluated for 3.45% a year-end so there’s the same old thing there. In any case, one year from now the suggested probabilities in Fed reserves, see the FOMC leaving 2023 at 3.0%.
