Fed Speak Week – 11 Fed Speakers Aim to Steer the Markets

Let the manipulation begin!  

After a 0.25% rate hike did nothing to deflate the market bubble, the Fed will take another swing at things this week by speaking to us 11 times and it will be Evans (Dove), Evans (Dove), George (Hawk), Mester (Hawk) and Rosengren (Dove) on Monday and Tuesday followed by Yellen (Dove), Kashkari (DOVE), Kaplan (Neutral) , Evans (Dove), Bullard (Hawk) and Williams (Neutral) on Thursday and Friday.  So an edge to the doves but the doves had a 3:1 edge last year, so it's a change in tone towards hawkish for sure.  Kashkari was the dissenting voter who did not wish to raise rates at last week's meeting – he speaks Thursday at noon.  

In their recent statement, the Fed says "The Committee will carefully monitor actual and expected inflation developments relative to its symmetric inflation goal."  The word symmetric was added since January and indicates the Fed is warning that they do not intend to let inflation move over 2% for any period – that should be clarified a bit this week and it's a key indicator that the free money party is really winding down. 

 

IN PROGRESS