The odds of a 50 basis point cut on May 4 are at 47% at the moment. I imagine this debate will be going on for awhile.
- Yield curve a 'handy predictor' but not 'destiny'
- Balance sheet reduction should begin 'soon'
Fed's Barkin says he's 'very open' to a 50 bps move if inflation does not begin to settle
- Comments from Barkin
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