Dogtown
Forever Ultras Ghetto
They are more than aware that their biggest operational risk is that not moving in September, would leave them having to wait until December, by which time Q3 GDP could easily turn out at 3.5% and headline CPI could be 2.0% y/y, and the Unemployment Rate as low as 4.5%, and they would de facto be way behind the curve. If they want to be gradual, they really do need to hike rates 25 bps in September.
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