- Is a little more cautious on growth than FOMC
- Not so concerned we’re going to see a rapid gain in inflation
- Wants to see a few more months of good data
- Says if we see very strong data the first rate hike could move forward
The Fed mob are earning their corn today doing the new channel rounds as Dennis does CNBC
The market is all central banked out right now though and there’s no effect on the dollar. US 10 year yields have fallen further to 2.41% and although off the highs, the shorter end are holding up better.
