The Fed Ahead

(1) Fed likely to reset policy course. (2) Economy doesn’t need a rate cut. (3) Risking a meltup and running out of ammo next time it is really needed. (4) Bostic isn’t flying with the FOMC doves, but he doesn’t have a vote either. (5) Bostic reviews the various measures of inflation. (6) Getting more attention: Dallas trimmed mean measure is around 2.0%. (7) More doves than hawks. (8) Movie review: “Once Upon a Time … in Hollywood” (- -).