I posted earlier in the week on:
As a reminder, in summary, the 3 conditions are:
1) strong economic data,
2) an increase in the debt ceiling, and
3) subdued regional bank stress
BoA says that, “arguably” the boxes have been ticked
- we have checked all these conditions
- even if the Fed skips June, it will keep July in play
Fed Chair Powell speaks Thomas Laubach Research Conference