Inflation came in hotter than expected in March, closely-scrutinized data out Tuesday showed. Headline CPI rose 0.6% MoM, versus estimates of a 0.5% rise. The
Category: economy
The Word Is ‘Inflation.’ With A ‘K’
“Expectations about home, gas, and rent price changes all reached new series highs,” the New York Fed said Monday, in the color accompanying the March
We Don’t Have All The Answers
Equities felt uninspired ahead of a week that promised no shortage of tradable data. A bevy of key reports out of the US including CPI
China’s ‘Pretty Evident’ Credit Slowdown May Bode Ill
According to various sourced reports, directives aimed at curtailing “bubble” risk presage the slowest Chinese credit growth since at least 2006. Concerns about pockets of
Lacy Hunt Suggests Inflation Doomsayers Suffer From ‘Psychosis’
I’m not a fan of Lacy Hunt. But, paradoxically, I don’t hold that against him. There are less than two-dozen people who could count me
Dark ‘N’ Stormy: Hunger Games And A Word On Macro Mission Creep
Last weekend, I spent a few hours writing a two-part series on hunger and starvation. “What Does It Mean To Starve?” touched on the difference
Would You Pay $39 For A Bar Of Soap?
“Inflation – the ball is rolling,” proclaimed the title of one note out Friday morning following US PPI data. Producer prices in the US rose
Jerome Powell And The ‘Pretty Substantial Tent City’
Jerome Powell spoke on a virtual IMF panel Thursday. Nobody was expecting to hear anything new from the vaunted Fed Chair, who’s mastered the art
Somebody Tell Jobless Claims They’re Going The Wrong Way
744,000 Americans filed for unemployment benefits last week, far more than the 680,000 consensus expected. It was the second consecutive weekly rise. The previous week’s
You Are Not Capital. You Just Think You Are
It’s becoming apparent that between the general public’s apathy, aversion to what I’ll call “scare” words (e.g., “socialism” and “Progressive”) and a GOP that’s suddenly
This Is An Experiment. And Nobody Knows Anything.
Over the course of the pandemic, I’ve variously insisted that the debate around stimulus checks in the US almost always missed the point. While it
Another Record: ISM Services Comes In Scorching
US services sector activity picked up dramatically last month, ISM said Monday. The headline print on the services gauge came in at 63.7. That’s a
Fearing Property Bubble, China ‘Instructs’ Banks To Slow Credit Supply: Report
Aside from the prospect of a hawkish Fed, almost nothing causes more furrowed brows among traders and serious market participants than indications that Beijing may
Sincere And Prudent
Equities will have their say on March’s blockbuster US jobs report — on a delay. The S&P breached 4,000 prior to Good Friday, and likely
Feast, Famine And The Fed
Time and again over the past several months, I’ve pointed to what could end up being one of the greatest ironies of the Fed’s tweaked
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