Inflation-sensitive markets won't let themselves be talked down for long.

The Fed repeats it will only "act as needed," but it's still not likely to disappoint expectations.

The risk in a new Bernanke Fed is overshooting in the direction of tightness.

Energy and consumer themes, Bush one year after, looking to 2006, and extending the 2003 tax cuts.

Jobs numbers can't prop up bonds -- but they may inspire the Fed to overshoot.

Grassley's retreat to only one-year extension may be part of a broader retreat for pro-growth policy.

Why do stocks hang tough while the Republican pro-growth consensus continues to unravel?

Statistical artifacts are holding down reported inflation. Soon those same artifacts will boost it.

Extending the 2003 tax cuts is now complicated by an accounting penalty on big oil.

Fears that a new Fed chair will let inflation break out here are overdone.