• Hard to say policy is restrictive enough
• In all likelihood, we will need to raise rates
• A myriad of things are pushing up inflation, which makes it concerning
• Bias is that rates need to go up

Every single Fed official speaking lately says that rates need to go up, and yet seemingly none of them supported a rate hike two weeks ago. It’s baffling.

More:

• I wouldn’t spend a lot of time on the summary of economic projections, it’s just a point in time
• I’m looking at the gap between how consumer sentiment and spending gets closed
• Watch services ex-housing inflation, it’s not moving in the right direction
• Just starting to hear that the consumer may be running out of gas

This article was written by Adam Button at investinglive.com.