The ‘Now’ Zeitgeist
A pair of macro notables served as a reminder that however close we may be to turning any corners, the "now" zeitgeist, if you will, remains inflation and policy tightening.
Consumer prices in the UK rose 10.1% last month (figure below), ONS said Wednesday. It was a dubious milestone. Inflation hasn't exceeded 10% in the UK in four decades.
Wednesday's figures suggested prices are accelerating faster than economists anticipated, which is saying something considering double-digit inflation was
Don’t you all think that it would be so helpful if the Fed issued updated “dot plots” once every week?
Hey honey, it’s Dot Plot Tuesday!
Better yet, we should install “interest rate sensors” on the Fed members themselves and post a live 24-hour dot plot feed on-line.
H can add a lighted daily Fed rate increase decrease odds tracker frame to his classic dystopian cold, wet, and gray street scene from years ago…that image remains embedded in my thoughts and memory as we navigate our current world and reality…
Total Blade Runner vibes