Kansas City Fed's Schmid says inflation 'stubborn' and 'sticky,' policy rate not restrictive

Impact · against what's priced in

The comments from Fed President Schmid suggest a more hawkish tilt than the current market consensus, specifically by questioning if current rates are even restrictive. This increases the risk of 'higher for longer' interest rates, creating a headwind for valuation multiples and rate-sensitive sectors.

Scored by the NIS engine · methodology.

• rates
• fed
• inflation
• core prices
• fomc
• jackson hole
• monetary policy

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