The general payoff matrix for the ‘hawk vs. dove’ game (a). The payoffs are for player 1 employing the strategies in the rows against player 2 employing the strategy in the columns.

Here's how J.P. Morgan seed FOMC members on the Dove-to-Hawk scale: UBS says due "to the stronger data, we expect September 2024 to be the first cut. Looking ahead, we expect data-dependent ...

Here is a look at Fed officials’ comments since then, sorting them under the labels “dove” and “hawk” as shorthand for their monetary policy leanings. A dove is more focused on risks to ...

"As a rotating member James Bullard did not get to vote at the FOMC meeting last year, but he was still a vocal opponent of monetary action. Weeks before the FOMC rolled out its third easing ...

While we ultimately think that the BoE cuts three times this year, the recent mood music from the BoE doves (e.g., Dave Ramsden) has been caution and the need for gradual rate cuts. Sticky private ...