The Boston Fed's Eric Rosengren hit the wires Tuesday afternoon following another Rule 48 open on the NYSE.
Below is a recap of Rosengren's comments (per Reuters):
- Rate hike cycle likely to be more gradual, reach lower levels than past cycle
- More modest U.S. tightening cycle 'necessary and appropriate'
- Oil prices could bring less U.S. inflationary pressure
- Inflation mandate a reason to keep rates low
Seems like business as usual, until this hit the wire:
- Probability of pending U.S. recession not very high
Readers will recall a prior U.S. forecast from 2005 that a popular and well-know Federal Reserve employee shared (skip to 0:43):
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