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On May 4th, the FOMC announced its policy changes. The Fed moved its fed funds target by 50 bps, the fastest increase in 22 years; the last hike of this amount was in May 2000. In the press conference, Chair Powell scotched the notion of a greater than 50 bps rate hike. He did, however,Read More
The latest readings from the “bubble indicator.” As you know, I like to convert my intuitive thinking into indicators which I write down as decision rules
While US wages are growing at the fastest clip since the 1980s, companies are paying less in labor costs per unit of output. We believe wages can rise further without adding to inflation.
The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.