Original content:
Having recently sparked a rate hike in 2022, Chicago Fed Chairman Charles Evans said Thursday that we are in a good place (for policy reasons).
Additional comments
No rate hike before the phase-down ends in June, and no change to the phase-down schedule.
Don’t expect a rate increase until 2023 yet, but you may be “completely wrong.”
It is not obvious to me that the rate increase in 2022 is necessary or required, but it could be the case that it is appropriate.
Market reaction
Given the mixed comments from the Fed’s policymaker, which also contrasts with recent words, there is little market reaction to the updates. Still, support for current policy and softer yields help the S&P 500 and Nasdaq close at an all-time high.
.

Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.