May 2024 FOMC Debrief

#federalreserve
Modestly dovish

[aaronformella]

You look dehydrated; don't forget to stay hydrated while you are working so hard. Thank you for the thoughts.

[chrisp]

Thank you very much Joseph. Excellent commentary!

[question_asker_]

Thank you for updating the vids to 1080p!

[-Nab-]

Joseph thank you for giving us these amazing updates!!!

[bottlerum]

Current time is 9.30 EST. Thanks for your video . Always easy to understand.

[_mikedspike]

Great update! Much appreciated good Sir

[wilcowilliams]

thanks joseph summary was pretty concise and to the point no hype or fear porn.

[engrahmed]

Thank you so much. Keep up the good work.

[melsenbabe]

Great analysis once again, Joseph! Not sure why everyone was expecting J-Pow to be hawkish when he tied himself to the ultra dovish mast (Odyssean forward guidance) at the December 2023 presser. And if J-Pow doesn't care about recent reflationary data, the market won't care about what he has to say (muted reaction in Treasury yields today).

[greywolf]

Do you think the fed and treasury department are taking actions that are covert that help prop up the stock market?

[sbain]

Powell also said he cant see the stag or the flation... is he lying again or is he really as blind and clueless as he says he is?

[sivi]

Great job as usual !
Suggestion: would be nice u explain how u see the market expected 7 cuts early this year and today only one cut,
Or if there is a graph of some sort we can refer too on how we can see those numbers u talk about .
Thx .

[tsyfutures]

Other FOMC members keep saying rate hikes aren't off the table. Powell never explicitly closes the door to rate hikes either, but does a good job of deflecting and focusing on the near term aspect of there not being a discussion of rate hikes currently. How is everyone so confident in peak rate achieved when the FED's confidence keeps dwindling rather than increasing?

[jeffreychandleton]

Always appreciate your perspective Joey. Any thoughts about the Quarterly Refunding Announcement having an adverse impact on liquidity in the short/medium term?

[anthonychuan]

Seasonal & Transitory inflation, same old story, same old excuses.

[shotikoo]

JW breaks down the Fed better than Timiraos

[imjamming]

An economic recession could bring inflation down, just like we experienced during the Great Recession of 2007-2009.