So, you say you are "NOT interested" in interest rate... Me neither! My strategy does not depend on IR.
My strategy doesn't depend on IR too. My strategy depends on how the market moves. If the market moves decisively/nicely/gracefully, then it is easy money for me. If the market moves choppily/messily/whipsawing-ly, then high chance I will lose $$$.
He has to keep the hawkish tone otherwise stupid things will happen. But the longer the FF rate stays higher, the deeper the cuts will be later on.
Not at all surprising. We all know they're a lagging indicator. We might smell the house burning but these folks choose to wait until they can actually see the fire.