The Fed: “We Don’t Talk About Rate Cuts – No! No! No!”
The title of this blog was inspired by Disney’s Encanto, a story about a family living in a charmed villa in the mountains of Columbia.
As Inflation Fades and Incoming Data Disappoint The Fed Appears Intransigent
The headline CPI reading of no price inflation (0.0%) in October surprised the financial markets (but not us). It caused a bond market rally as
Recession: The Stars Continue to Align
The oft forecasted Recession hasn’t yet appeared. Has it been avoided (i.e., “soft-landing”)? A look at the growing evidence leads us to conclude that the
The Fed is Done Hiking – What Could Possibly Go Wrong?
Sometimes “bad news” is “good news.” That seemed to be the case on Friday when the jobs report came in weaker than expected. That, combined
GDP Growth Will Slow – Likely to Turn Negative
The economic story of the week was the “hot” 4.9% GDP print. The chart shows this in relationship to the recent past, with the dotted
Rates Spike, Sentiment Softens – Real Inflation Already at Target
Is a Recession Imminent? The relentless upward spike in interest rates continued this past week despite Fedspeak implying that the Fed will continue to be