Inflation on the Front Burner

Inflation on the Front Burner Fed Chair Warsh’s speech at Jackson Hole on Friday had a clear message: the Fed is not declaring victory on inflation, does not view the economy as broadly weak, and will not pre-announce its next move. If upcoming data do not demonstrate faster, durable progress toward 2% inflation, Warsh’s framework […]
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One More For The Road

One More for the Road As we enter July, with Jay Powell singing a hawkish tune, we expect the market to be very focused on one question: Are interest rates going higher? The answer lies in the inflation data yet to be reported. If inflation fails to get better, then interest rates are likely heading […]
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