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Every morning
Weekly
Tuesday recap
Fed: "K-shaped economy, firms can't pass through price increases." Data: "Firms pass through price increases."
IDK if this is really much of a silver lining. On trend means that trade services are passing on costs at twice the pre-pandemic pace. That speaks to embedded inflation above target. https://t.co/IwClLNNndO
When you see markets pricing in no chance of a cut in April, and less than a cut this entire year, and we are still talking about the possibility of three dissents against holding rates constant today, you realize how...
The odd part is that Fed officials have made a big deal about the importance of falling shelter inflation apparently without remembering it has a smaller impact in their actual inflation target.
