On the May FOMC
Trump is right, and if inflation stays “wonderfully low,” even Powell will agree to cut rates.
Trump is right, and if inflation stays “wonderfully low,” even Powell will agree to cut rates.
Let’s not go overboard. As Don Luskin of Trend Macrolytics points out, beneath today’s headline GDP number, growth in consumer spending and business investment was not as strong as we’d like. But overall the economy continues to show a remarkable vitality that has been especially surprising to the Democratic economic establishment.
The bond market is wrong if it sees recession -- but this was no 3.2% quarter.
A "Saudi call" and a million more barrels/day from the Permian mean little upside risk for oil.
Taking more of Iran's production off the market won't cause a shortage, it will prevent a glut.