The Fed’s Favorite Inflation Measure Leapfrogs the CPI
San Francisco Fed’s Daly: AI’s Future Is Job Augmentation and Creation, Not Destruction
Core Inflation Softens, but the Final Mile to 2% Remains Sticky
Australian Dollar Breaks Out As Economic Winds Blow Toward Rate Hikes
The Fed’s Labor Market Divide Is Hardening Against Rate Cuts
Oil futures are now trading above $80 a barrel. The WSJ explains:
“A combination of increased heating oil demand to combat cold weather in the U.S. Northeast and expectations of rising consumption of all fuels as economic conditions improve has pushed oil prices up 17% since Dec. 14.”
Dr. Duru