At least it wasn’t 100 bp, and there were plenty of hints about a decelerating hiking path.
Donald L. Luskin
Walmart and the Fed
Tuesday, July 26, 2022
No stimulus checks, so consumers now have to make hard choices. So does the FOMC.
Why Inflation Is on the Way Down
Monday, July 25, 2022
The Fed should ask Milton Friedman. When growth of the money supply slows, so does the increase in prices.
Ukraine: A Pawn in Putin’s Energy Survival Strategy
Monday, July 11, 2022
The West’s green utopia is an existential threat to fossil fuels. Countermove: get prices up.
On the June Jobs Report
Friday, July 8, 2022
How can the Fed believe the labor market is tight when payrolls keep growing like this?
Will Powell Take Yes for an Answer?
Thursday, June 30, 2022
We know now we’ve seen peak inflation. Have we seen peak Powell?
Biden Pivots on Oil, Or At Least on Saudi Oil
Wednesday, June 22, 2022
Inflation makes strange bedfellows. Suddenly the administration is out of love with Iran.
On the June FOMC
Wednesday, June 15, 2022
A panic based on a fallacy based on misinterpretation of data. At least it’s over.
An Open Letter to Jerome Powell
Tuesday, June 14, 2022
Why accelerate tightening when inflation data has improved since the May FOMC?
FOMC Preview: Yes, There Was Some Good News in Friday’s CPI
Monday, June 13, 2022
...and Powell’s post-confirmation confirmation bias will make him recognize it.