Powell affirms this was the last hike. First cut when inflation falls (which it already has).
Donald L. Luskin
FOMC Preview: Inflation (and First Republic) Collapse
Monday, May 1, 2023
Goods inflation is already below the Fed’s target, and another big bank has failed.
The Fed is Silicon Valley Bank
Monday, April 17, 2023
The Fed has trashed its own income statement and balance sheet. It has to stop. Now.
On the March Jobs Report
Friday, April 7, 2023
Why throw 1.6 million people out of work to lower wage growth that doesn’t cause inflation?
On the March FOMC
Wednesday, March 22, 2023
One and done, by the “dots.” But Powell thinks the banking crisis is a feature, not a bug.
FOMC Preview: The Meh-stro
Monday, March 20, 2023
Greenspan knew what to do in a financial crisis. Powell knows how to cause one.
It’s Over For SVB – And the Fed
Monday, March 13, 2023
Not sure about the bailouts. But enough glass has broken to end this tightening cycle.
On the February Jobs Report
Friday, March 10, 2023
Could this be the cat that barks, the dog that meows, that Powell is looking for amidst an incipient bank crisis?
On Powell’s Shocking Testimony
Tuesday, March 7, 2023
He’s risking millions of jobs because an unpublished inflation index representing a minority of consumer expenditures isn’t coming down as fast as overall inflation.
Good News is Bad News is Equilibrium
Thursday, February 16, 2023
It’s like The Three Little Pigs: Powell is a weak wolf, and the economy is a house of brick.