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alaya lilly
#沃什今晚亮相杰克逊霍尔，能否明确政策框架？
Damn! Wash's speech tonight, frankly, is just for show. What the market wants to hear is: how much inflation triggers rate hikes, how bad employment has to get before easing, and whether the Fed will intervene when long-term bonds go haywire.
PCE is still at 3.7%, with about half of the basket items rising over 3%. Initial jobless claims dropped to 203,000, but he acts like he didn't see it. He nailed 2% down hard, yet says financial conditions aren't tight enough.
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