UBS On-Air: Paul Donovan Daily Audio 'Inflation seems slick, not sticky'

The “anecdotal evidence” of the Federal Reserve’s Beige Book offers some heightened interest, with mixed messages about whether the June meeting will pause in the relentless “hike, hike, hike” cycle. While the US economy has not been as bad as pessimists suggested, the stockpile of savings has been used more quickly than thought, suggesting moderating activity.