Mindblown: a blog about philosophy.
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US House Speaker McCarthy says we don’t have a deal; decisions have to start being made
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Fed’s Bostic (non-voter) says he is comfortable waiting a little bit to see how the economy plays out after Fed has done a lot of tightening already, policy acts with a lag Will take decisions on a meeting-by-meeting basis.
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Fed’s Kashkari (voter) says not seeing evidence yet that banking stress is doing our work for us on inflation
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MORNING MINUTE EQUITIES, FUTURES & OPTIONS MAY 22nd
POLITICAL DEADLOCK WITH DEBT CEILING ISSUES ALONG WITH POTENTIALLY MORE HIKES DOESN’T SEEM TO DETER THE STOCK MARKET BULLS, BUT SHOULD THEY BEWARE?
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GOP debt negotiators say White House is not being reasonable and GOP negotiators leave debt talks
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Fed Chair Powell says policy rate may not have to rise as far as otherwise due to tightened bank credit conditions
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Fed Chair Powell says inflation is far above Fed objective; high inflation poses significant hardship; Fed strongly committed to returning to 2% goal, failure would strongly cause greater harm
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ECB’s Schnabel says ECB has a clear mandate of price stability, financial stability is a precondition for price stability, and vice versa
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