Lates News

"New Fed Communications" Nick Timiraos: The lasting ceasefire reduces the tail risks facing the Fed in both ways, but this impact may be asymmetric: it blocks the demand collapse tail risk that could have forced the Fed to cut rates in the short term, with the degree being greater than the inflation risk it mitigates the reason being the existence of a higher bottom support in energy prices, coupled with the subsequent impact of earlier supply interruptions.