It looks like consumer was stronger than expected this week It’s really the risks to the labor market that were the focus of today’s decision …
Category: Central Banks
The market did not want to hear that today’s cut was a ‘risk management cut’ which is how Fed Chair Jerome Powell characterized it. The …
Labor market changes are mostly from immigration changes Changes in employment are much more about immigration changes “I don’t think we can say” that policy …
Slowdown largely reflects slowing consumer spending Business investment has accelerated Disinflation on services is continuing Job gains are running below the breakeven rate Labor demand …
Fed Funds target at year end: 2025: 3.675% vs expected 3.875%, prior 3.875% 2026: 3.375% vs expected 3.375%, prior 3.625% 2027: 3.125% vs expected 3.125%, …
In regard to Recent indicators suggest that growth of economic activity moderated in the first half of the year. Job gains have slowed, and the …
Prior range was 4.25-4.50% Miran voted for 50 bps No other dissents Repeats that activity moderated in the first half Adds that ‘job gains have …
A meeting by meeting basis has proven successful. With the current monetary policy stance ECB is well positioned to respond to unexpected changes. In contrast …
There was a clear sense the balance of risks had changed The inflation picture hasn’t really changed Early in the year we saw some upward …
Bloomberg today reports that US Treasury Secretary Scott Bessent once listed two different properties as a ‘primary residence’ at the same time. It’s the same …