Richmond Fed chief and voting hawk Jeffrey Lacker in an interview on BBG
Short term interest rate markets have for months priced in a slower tempo of increases than policy makers themselves forecast. That’s risky because the misalignment, a bet against rate path that the central bank alone controls, could lead to volatility if traders have to adjust rapidly
It might help if the US data was in the least bit consistent methinks
Currency pairs still relatively quiet this morning with GBPUSD 1.6820 still finding rally sellers but EURUSD pinned around 1.3425
