Revisiting and Revising Look, central bankers are people, too – and everyone deserves a vacation. This week, officials from the Federal Reserve and global central banks will meet in Jackson Hole, WY, for the Kansas City Fed’s annual economic symposium from August 22 to 24. Of course, economists have a different idea from you and…Read more
In July, the annual rate of inflation rose by just 2.9%, according to the Bureau of Labor Statistics’ Consumer Price Index (CPI). That’s a big win for the U.S. economy, marking the first time that the rate has dipped below 3% since 2021. In the wake of the pandemic, inflation surged, peaking at more than…Read more
Demoted Inflation data has been demoted to second-most important economic data, having been recently surpassed by jobs data. We can not only hear this in the commentary around markets, but also in the market reactions of late. The one-day reactions in the S&P 500 have become more muted for inflation releases and more pronounced for…Read more
