[LuciusMiximus]

Jastrzębie będą jastrzębić.

“I also think there is something to be said for front-end loading any accommodation one thinks is appropriate. ... I would say 50 basis points will be on the table for the May meeting.”

“It’s absolutely essential to restore price stability,” he added. “Economies don’t work without price stability.”

“We’re really going to be raising rates and getting expeditiously to levels that are more neutral and then that are actually tight ... if that turns out to be appropriate once we get there.”

Earlier in the day, he referenced former Fed Chairman Paul Volcker, who battled inflation in the late 1970s and early ’80s with a series of rate hikes that ultimately led to a recession. Volcker “knew that in order to tame inflation and heal the economy, he had to stay the course,” Powell said.

FRA na WIBOR 3x6 wybiło do 7,2%, rynek widzi dodatni EURIBOR 3M już w wakacje. Widzę gdzieś tam możliwość zaskoczenia rynku front-loadingiem, aby zakończyć cykl na niższym poziomie... 75pb w maju? Spotkanie FOMC jest ładnie jeden dzień przed RPP.

#nieruchomosci #nbp #fed