Regional Fed presidents, whose vote holds equal weight to that of the chair, are already indicating that their wait-and-see stance is further warranted by the conflict. Cleveland’s president, Beth Hammack, said rates could be held for “quite some time,” with Iran presenting a new inflationary risk. Likewise, Minneapolis Fed president Neel Kashkari said this week he was growing less confident about his previous estimation of a 25 basis point cut this year, explaining: “With the geopolitical events, we need to get a lot more data in.”
The power of communityThings moved fast. Within 24 hours, 49 pull requests had been opened. Two weeks later, the community had contributed 1000 issues and PRs – that’s roughly one every 20 minutes, around the clock. With over 105 contributors and 1500 stars in just 16 days, npmx became one of the most active early open-source projects we’ve seen.
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