🐰 The Fed's balance sheet increased by $18,997,000,000 in one week!



▪️Market expectations (Fed rate):
- PAUSE until December 2026.

▪️Goolsbee, Fed Chair:
- April consumer inflation data (CPI) was worse than expected.
- Despite this, I still consider a significant rate cut possible in the future if inflation begins to slow again.

▪️Kashkari, Fed Chair:
- Inflation remains too high.
- The main risk now is how long the Strait of Hormuz can stay closed.
- Even after the strait reopens, supply chains will need months to recover.
- The Fed Chair has significant influence but is only one of 12 votes.

Earlier: new Fed Chair

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