The Economy is Not What The Fed Expected
The Federal Reserve faces a challenge as it meets to assess economic projections, with inflation proving less predictable than anticipated and an unpredictably robust economy....
Retailers Paint a Worrying Picture of American Consumers
The retail sector suffered a severe blow this week. Macy’s and Kohl’s reported significant sales declines, indicating deeper underlying problems. Stock values plummeted across the...
The Fed Has Laid the Seeds of a Crisis That Wall Street Can No Longer Ignore
In a concerning move, Fitch downgraded America’s credit rating, emphasizing the country’s growing financial vulnerability due to prolonged Washington dysfunction. The Fed’s attempts to combat...
Don’t Swing at the Yield Curve: WSJ
‘What if the yield curve isn’t inverted because the Fed has raised rates too high, but because long-term Treasury yields are too low?’ [ad_2] Source...
Crypto Has Reinvented Bank Runs: WSJ
FTX’s crisis is a reminder of what is right about traditional finance. [ad_2] Source link...
Larry Summers Nailed Inflation. But Is He Right on What Comes Next?
In February 2021, Larry Summers was right and I was wrong. The former Treasury secretary warned that President Biden’s stimulus package was far too large...
The ECB Must Act Soon to Avoid a Currency Crisis: Bloomberg
This is a risk the ECB can no longer take. It has to raise rates this year and telegraph its expected actions clearly. Otherwise, its...
The Fed Has Made a U.S. Recession Inevitable
(Bloomberg Opinion) — U.S. Federal Reserve Chair Jerome Powell has made two ambitious assertions about the central bank’s management of the economy. In his latest...