It will keep inflation high—and markets know it.
Donald L. Luskin
On the September FOMC: Dotsaster
Wednesday, September 21, 2022
The dots blew through expectations into a higher-longer tightening cycle.
Sorry, But We’re All Out of Deflation Today
Tuesday, September 13, 2022
We just lost a month in the death race between receding inflation and contractionary policy.
The Tide Turns in Ukraine
Monday, September 12, 2022
If Russia doesn’t nuke Ukraine on the way out, here’s where the negotiations begin.
Demand and Supply and Things Like That
Friday, September 9, 2022
Stocks are hinting that falling inflation is going to win the death-race with recession.
On Powell at Jackson Hole
Friday, August 26, 2022
Powell is willfully blind to the fact that inflation has peaked, and has no idea why.
On the July Jobs Report
Friday, August 5, 2022
Big payrolls, but the real show is declining openings – off more than 1 million in three months.
Build Back Manchin
Monday, August 1, 2022
New taxes cost 2.5% of S&P 500 earnings – mere noise compared to BBB at almost 10%.
On the July FOMC
Wednesday, July 27, 2022
At least it wasn’t 100 bp, and there were plenty of hints about a decelerating hiking path.
Walmart and the Fed
Tuesday, July 26, 2022
No stimulus checks, so consumers now have to make hard choices. So does the FOMC.