• Not seeing proof that banking stress is doing Fed’s job on inflation
• Fed has to maintain moving into battle towards inflation
• Companies inflation appears “fairly darn entrenched”
• It could be that we’ve got to go north of 6% however that is not clear but

There appears to be some differing opinions on the Fed presently however the comment on 6% charges is actually reflective of extra hawkish sentiment than what markets are pondering proper now. USD/JPY is on the highs for the day now at 138.09 presently.