
Fed On Hold Amid Stubborn Inflation, Dense Trade War Fog
Unable to see their hands in front of their faces in some of the densest macro fog since the onset of the pandemic, the Fed kept rates on hold Wednesday, as expected.
There's no sense dancing around the issue, although Jerome Powell will surely try: The elephant in the room's Donald Trump and, more to the point, "Tariff Man," Trump's superhero alter ego.
Every day, Trump muses both idly and actively about making protectionism great again, and it's mostly impossible to distinguish between the t
In pre-history, which is to say prior to January 20th, 2025 nuance in the Fed’s language seemed to matter. Today it is the stampeding Hippo in the room who wants to run down every human in America and his capricious ways that overshadow nuance.
Had enough excitement yet? Are you ready for boring nuance again? If not now when?