The Fed’s Favorite Inflation Measure Leapfrogs the CPI
The Personal Income and Outlays for December, 2025 from the Bureau of Economic Analysis (BEA)…
gold
Dr. Duru Powell Balks At the Next Step of Hopeful Monetary Policy
When Powell announced the resumption of easing monetary policy, he said the balance of economic…
August Beige Book Points Toward Higher Inflation to Come
The Federal Reserve’s August Beige Book sang a tune similar to the song from the…
Powell Places His First Step On the Stairs Of Hopeful Monetary Policy
The current adventures in monetary policy take me back to the early pandemic times when…
Jerome Powell: Meaningful Inflation Is Coming
The press conference for the Federal Open Market Committee (FOMC) was about as boring as…
Powell’s (Not So) Hidden Plea to End the U.S.’s Tariff War
During last week’s press conference on the Federal Reserve’s monetary policy, I heard a narrative…
Bonds Try to Weigh on A Market Trying Harder to Look Past Stabilizing Inflation
The Consumer Price Index (CPI) for November met “expectations”. As a result, the latest confirmation…
The Federal Reserve Is Paying Attention to Stabilizing Core Inflation
A month ago I asked who is paying attention to stabilizing core inflation? The question…
What A Victory Over Inflation Looks Like to the Federal Reserve
In its last statement and discussion on monetary policy, the Federal Reserve essentially announced its…
Financial Conditions Make A Monetary Roundtrip and Undercut the Need for Rate Cuts
Last week, financial markets stared in dismay at “sticky” inflation numbers on the consumer and…