Mindblown: a blog about philosophy.
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Fed’s Waller (voter, hawk) says recent data shows the Fed hasn’t made much progress on inflation goal, rates need to increase further; policy needs to remain tight for a substantial period, longer than what markets anticipate
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Fed’s Goolsbee (voter) says when you have financial tightening occurring, that does the work of monetary policy; still have several weeks before the May meeting
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US Retail Sales Ex-Autos MM * (Mar) -0.8% vs. Exp. -0.3% (Prev. -0.1%)
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US Retail Sales MM * (Mar) -1.0% vs. Exp. -0.4% (Prev. -0.4%, Rev. -0.2%)
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MORNING REPORT APRIL 14th
Relief that inflation may finally be being tamed won over recessionary alarmism as weaker than expected PPI indicated that the Fed may about to call time on their hiking cycle
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END OF DAY REPORT APRIL 13th
APRIL 13TH CLOSING REPORT FROM LEVITHAN, PPI came in a lot weaker than expected with the biggest drop in 3 years, but will it be enough to stop the Fed raising rates one more time?
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ECB’s Vasle says underlying inflation is moving in the wrong direction; mulling 25 and 50bps rate hike options for May
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US PPI Final Demand MM* (Mar) -0.5% (Prev. -0.1%)
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US PPI exFood/Energy MM* (Mar) -0.1% vs. Exp. 0.3% (Rev. 0.2%)
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MORNING REPORT APRIL 13th
CPI was weaker but inflation remains stubbornly high, so what will the FED do? We have PPI out today so that may help us find out
Got any book recommendations?