Update 804 — July CPI Gain Under 3%;Dip Marks Lowest Increase Since 2021 Today, Democratic presidential hopeful Kamala Harris released her lowering costs agenda, her most specific plan to date on economic policy, which she has pledged to pursue in her first 100 days in office. The agenda addresses a myriad of economic priorities, including …
Update 780 — April CPI Report a ReliefThough Rent Remains “Too Damn High” This morning’s Consumer Price Index report for April confirmed an expected relief regarding inflation, with core CPI — overall prices excluding food and energy — up just 0.3 percent since the March report and a 3.6 percent increase in prices from a …
Update 771 — CPI Hotter Than Expected;March Report Dampens Rate Cut Outlook Following this week’s CPI report for March, observers ranging from President Biden to Fed Governors to market participants agree that the trends in stubbornly elevated prices thus far this year point to a reduced likelihood of a Fed pivot to interest rate cuts …
We note without comment the fourth indictment brought against Donald Trump late Monday, but note that the case brought by the District Attorney in Fulton County, Georgia differs from the previous three. This indictment focuses on Trump’s efforts to overturn the results of the 2020 presidential election in Georgia and names 19 co-conspirators on racketeering …
Update 716 — A Year After IRA Passage, Implementation Key to Popular Support Read More »
Update 707 — Inflation Down to 2.97%:June CPI Report Hints at Soft Landing Today’s CPI report for June showed prices falling for the thirteenth month in a row, from 4.0 percent last month to a surprisingly low 3.0 percent, the lowest reading in 27 months. Prices for some items are proving stubbornly sticky, with core …
Update 707 — Inflation Down to 2.97%: June CPI Report Hints at Soft Landing Read More »
Update 691 — Landing Soft but S l o wApril CPI up 4.9%, Lowest in Two Years President Biden had a tense meeting with Congressional leaders yesterday to discuss the debt ceiling. Staff will meet throughout the week to lay the groundwork for another meeting between Biden and leadership scheduled for Friday. No breakthroughs thus …
Update 656 — Fed Boosts Rate 50 BPsIs Soft—and Swift—Landing in Sight? Today, the Federal Reserve announced a 50 basis point interest rate increase, bringing the borrowing benchmark up to a targeted range of 4.25-4.5 percent. This rate hike, a slowdown after four consecutive 75 point increases, suggests the Fed believes it may have a …
Update 649 — A Midterm Mandate?Finding Meaning in Voters’ Message The GOP may be in dire need of introspection, reappraisal, and course correction, following the message delivered by the voters and the best midterm performance by the party in power in almost a century. The lessons of this success need not be lost on the …
Update 647 — A Record 4th 75 bp Hike:(How) Will The Fed Know When to Stop? For the fourth time since March, the Federal Reserve has raised interest rates by 75 basis points — the most rapid increase in decades. After an admittedly slow start, the Fed Chair Powell says with his policy “damn the …
Update 644 — It’s the Economy… AgainNavigating the Top-Ranking Voter Issue Midterm election voters have 18 days to weigh issues and candidates, decide, and vote. 2022 has seen a war in Ukraine, worldwide inflation, and a Supreme Court ruling ending national abortion protection. Some issues have riveted and rallied voters — notably abortion for Democrats …
