Former Richmond Fed President Lacker: Fed will keep powder dry beyond mid-year ...Middle East

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Former Richmond Fed President Lacker: Fed will keep powder dry beyond mid-year
The Fed is happy for markets to put some stock in the notion that the Funds rate will be lower at the end of the yearThe centre of gravity at the Fed doesn't think they will cut in March and won't cut soonto my mind, I think they're gonna keep their powder dry for a couple of meetings, probably extends, you know, past mid year, you know, past the June meeting.PCE inflation has averaged 2% inflation over six months, which is really good but they need that over 12 monthsThey're going to keep their powder dry for a couple of meetings, I think, it's not obvious from the data that where they want to end up in a year or two is 200 basis points below where they are now or 150 you've still got super

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