Courtesy of Mish
On March 21, Atlanta Fed president Dennis Lockhart had “Kaleidoscopic” visions of rate hikes as soon as April.
In his speech to the Rotary Club of Savannah, Lockhart cited “sufficient momentum evidenced by the economic data to justify a further step at one of the coming meetings, possibly as early as the meeting scheduled for end of April.”
Lockhart also cited the Atlanta Fed GDPNow Model. Today we can update that model.
Sufficient Momentum
The title of Lockhart’s March 21 speech to the Rotary Club was to the Rotary Club was “Kaleidoscopic Context for Monetary Policy“.
My March 21 rebuttal was Kaleidoscope Eyes.
Here are some snips.
GDPNow – March 16
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Questions of the Day
Question 1: Is Lockhart even watching the momentum of his own researcher’s model?
Question 2: Is 1.9% and falling really sufficient momentum to hike or does Lockhart have Kaleidoscope Eyes?
What Happened?



