Fed speak

A handful of Fed comments via Speeches or Comments to reporters weighing on Dollar. I have selected what I think Are the most relevant ones .Williams the only Voter this year. The highlights regarding  Consumer spending are what stand out for me,if the Fed doesn’t think Consumer can carry load and support economy all by itself then  more rate cuts may be coming. 29% chance of 50 Bps cut at Sep meeting, up from 23% yesterday close, dollar index -.5%  providing some help for the Commodity complex.

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  • WILLIAMS: IS WATCHING YIELD CURVE, MARKETS SENDING WORRIED MESSAGE
  • WILLIAMS: HIGH UNCERTAINTY OBSCURES RATE PATH VIEW RIGHT NOW
  • Williams: See parts of economy outside Consumer really Slow
  • FED’S WILLIAMS: NOT READY TO SAY WHAT ACTION APPROPRIATE AT FOMC
  • Williams: Consumers Carrying Much of Economic Momentum Right Now
  • WILLIAMS: CONSUMER SPENDING IS NOT REALLY A LEADING INDICATOR
  • FED’S KAPLAN SAYS U.S. ECONOMIC PICTURE IS MIXED; MANUFACTURING UNCERTAIN, CONSUMER STRONG
  • KAPLAN: IT’S RELEVANT THAT FED FUNDS IS ABOVE WHOLE YIELD CURVE
  • KAPLAN: Risks to our forecast is to downside

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