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TFMR Podcast - Wednesday, May 4

54

The May FOMC has come and gone and, with it, any remaining sense of Fed credibility.

What a joke. What a painful joke. As your friendly host, it's always incumbent upon me to pay attention and monitor events like today's "press conference" and, what did I hear today? Not much, but this doozy sure caught my attention:

Powell: "The US economy is doing fairly well. It's a strong economy".
Q1 US GDP was -1.4%

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Key Economic Events Week of 5/9

5/9 11:00 ET 1-3 year inflation expectations
5/10 7:40 ET Goon Williams
5/10 9:15 ET Goon Barkin
5/10 1:00 ET Goons Waller and Kashnkari
5/10 3:00 ET Goon Mester
5/11 8:30 ET CPI
5/11 12:00 ET Goon Bostic
5/12 8:30 ET PPI
5/13 8:30 ET Import Prices
5/13 10:00 ET UMich inflation expectations
5/13 11:00 ET Goon Kashnkari
5/13 12:00 ET Goon Mester

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