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…
S&P 500
Dr. Duru Why the Excitement? A Q&A on Monetary Policy with Generative AI
I left last week’s Federal Reserve conference call with the impression that nothing had changed.…
What Powell Missed In His Jackson Hole Speech Explaining Inflation’s Drivers
Federal Reserve Chair Jerome Powell included a neat and tidy explanation of the drivers of…
An Inflation Downtrend Quickly Evaporates
Some inflation analysts have enthusiastically contorted the inflation data to dismiss today’s inflation problem and/or…
Bullard Ready to Declare Partial Victory Over Inflation
James Bullard, President and CEO of the St. Louis Federal Reserve, delivered a speech today…
The Fed Plants A Flag On Peak Inflation and An Economic Soft Landing
Robert G. Valletta, associate director of research and senior VP at the SF Fed, planted…
Stock Market Loves Powell Moving from “Keep At It” to “Stay the Course” On Fighting Inflation
When Federal Reserve Chair tersely spoke at Jackson Hole on August 26th, he sent a…
Inflation Expectations and Inflationary Psychology
The Federal Reserve’s aggressive fight against inflation has savaged financial markets. Along the way, I…
Softening Inflation Expectations Are the Beginning Not the End of the Fed’s Hawkish Posturing
The surprisingly bad CPI report caused shockwaves throughout the stock market. Part of the shock…