Jackson Hole would be a good time for Powell to declare victory. He probably won’t.
Donald L. Luskin
On the US Downgrade and July Jobs Report
Friday, August 4, 2023
The downgrade is just words. But even this slowing jobs report can ruin Jackson Hole.
On the July FOMC: The Most Unkindest Hike of All
Tuesday, July 25, 2023
Powell won’t wait to see inflation at 2% to stop the hikes – but half of CPI is already deflating.
On June CPI: Sticky Inflation Just Came Unstuck
Wednesday, July 12, 2023
The FOMC said it needed more information. Well, here it is.
Mid-Year Outlook: Our Unloved Bull Market in Equities
Wednesday, July 5, 2023
It’s not just about AI. And it’s not over.
On the June FOMC
Wednesday, June 14, 2023
Dots all folks. The market mustn’t think there will be rate cuts (though inflation is collapsing).
On the May Jobs Report
Friday, June 2, 2023
It’s easy to square big payroll gains with big employment losses. And it’s bullish.
Inflation Has Peaked -- Get Ready for Deflation
Wednesday, May 24, 2023
Price increases would have eased without the Fed’s tightening, which we will soon see was overkill.
Two Months After SVB, So Far So Good
Friday, May 19, 2023
No systemic contagion, and the feared hard-freeze in credit activity hasn’t happened.
The 14th Amendment Enters the Debt Limit Negotiations
Monday, May 8, 2023
The nuclear option has been brandished, and it’s classic deterrence theory against the GOP.