Hawkish FedSpeak & Recession Fears Spoil The ‘Cool’ CPI Party
April 12, 2023 at 16:02 PM EDT
A busy-ish day for macro with cooler-than-expected inflation (but under the hood not so great), hawkish FedSpeak (more work to do, job’s not done yet), and ‘meh’ FOMC Minutes (mild recession coming). As a reminder, US macro data has been serially underwhelming since the last FOMC meeting… 1030ET Richmond Fed’s Barkin said policymakers still have […] Source
