Update 831 — CPI’s Elusive Soft Landing;FTC Pick Named; FSOC, SEC’s Stalled Out This week’s CPI report for November showed the road back to the Fed’s two percent target inflation rate remains bumpy – but the new data is unlikely to push the Fed to readjust its downward interest rate trajectory – though Donald Trump …
Update 824 – Inflation Under Trump: What Americans Should Look Out For? Yesterday’s CPI report showed inflation rising slightly to 2.6 percent year-on-year, up from 2.4 percent in September. The new data shows that inflation remains above the Federal Reserve’s two percent target, but has fallen significantly from its peak of 9.1 percent in mid-2022. High …
Update 818 — CPI Down Six Straight Months;Inflation Falls to 2.4%, Lowest Since Feb. 2021 Yesterday’s CPI report for September showed prices across the board dropping marginally to 2.4 percent, year-on-year, from 2.5 percent in August. Although the new rate — the lowest since early 2021 — came in slightly above expectations, the modest decline …
Update 818: Inflation Falls to 2.4%, Lowest Since Feb. 2021 Read More »
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 …
