(Thurston) Powell (III) Hints At 4 Rate Hikes This Year, 5/30 T-Curve Flattens To 50 Basis Points

By Anthony B. Sanders

Federal Reserve Chair Jay (Thurston) Powell (III) essentially said today that the economy is back to normal and The Fed has to get policy back to normal. That is, he hinted at 4 rate hikes this year.

The odds are now at 50-50 of a Q4 rate hike.

risingodds

On that speech, the Treasury 30y-5y curve flattened to near 50 bps.

UST530FED

Here is Thurston Powell III conferring with Janet Yellen (aka, “Lovey”) about monetary policy.

435694c7dc28c29e09d831e18a103a2a19edbd77

Published by

Gary

NFTRH.com & Biiwii.com