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Inflation

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4 days ago

Update: The Art of the Soft Landing

A year ago I wrote: The Art of the Soft Landing

A few excerpts and an updated graph ...
The "Art of the Soft Landing" requires that the Fed reduce rates quick enough to keep economic growth positive…

5 days ago

FOMC Projections: GDP Revised Down, Inflation Revised Up

Statement here.

Fed Chair Powell press conference video here or on YouTube here, starting at 2:30 PM ET.

Here are the projections.  The projections are pretty bearish.
The BEA's advance estimate …

12 days ago

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25 days ago

How Britain was sold a pup over cockapoos: They were sold as being cuddly, good with children and cute as a stuffed toy. But as owners complain they chew everything, and many aren't even genuine, no wonder prices are falling...

Inflation has been rampant for the past five years in the UK. Houses, hotels, butter, cappuccinos - all are more expensive. But one thing has fallen in value: dogs.

26 days ago

FOMC Minutes: "Difficult tradeoffs" if Inflation "more persistent" and "growth and employment weaken"

From the Fed: Minutes of the Federal Open Market Committee, May 6–7, 2025. Excerpt:
In considering the outlook for monetary policy, participants agreed that with economic growth and the labor market …

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