Warsh Has Put the Fed on Trial in September
Kevin Warsh went to Jackson Hole determined not to give markets forward guidance. He may have given them something more consequential instead. By insisting that...
Tag: CPI
Warsh’s New Fed: Hawkish Words, Flexible Hands
For the first time since taking over the Federal Reserve, Kevin Warsh has given investors a clearer insight into how he intends to run America’s...
The American Consumer Refuses to Break
For almost two years, markets have been waiting for the American consumer to capitulate. Every rise in inflation, every increase in interest rates, and every...
The Comfort of Tepidity
Inflation, that most theatrical of economic variables, chose moderation in January. After years in which the first month of the year had developed an unfortunate...
Fed Splits Set to Widen as the Cut-Happy Camp Meets Reality
The Federal Reserve is poised to deliver a second consecutive rate cut this week to shore up a fragile labour market, but extending the easing...
Tariffs Up, Inflation Up, Logic Down
Core US inflation picked up in July even as the cost of goods exposed to Donald Trump’s gleeful tariff barrage failed to climb as much...
Tariff Tensions and Fed Headaches: Monetary Policy in the Age of Trumpian Chaos
The budding rift among Federal Reserve officials over the trajectory of interest rates hinges on diverging views over the inflationary magic of Donald Trump’s tariffs....
From Growth Euphoria to Recession Fears in Record Time
Only weeks ago, market analysts debated whether the U.S. economy would accelerate under Trump’s tax-slashing, protectionist agenda. Now, suddenly, the dreaded R-word (recession, not ‘Republican...
Inflation Softens, But the Fed Isn’t Ready to Cheer Just Yet
In a rare moment of moderation, US consumer prices rose less than expected in December, providing much-needed relief after months of stubborn inflation. This development...