Breitbart Business Digest: Goldilocks Clobbers the Bears
The bears got pummeled by Goldilocks this week as the latest economic data indicated a broadening of disinflationary trends.
The bears got pummeled by Goldilocks this week as the latest economic data indicated a broadening of disinflationary trends.
We still think it is unlikely that inflation will come down to two percent without a sizable increase in unemployment, but this week’s reports make the “soft landing” scenario less unlikely.
The facts are changing again. Can the Federal Reserve’s monetary policy keep up?
While the Federal Reserve did the right thing on Thursday by raising its target by three-quarters of a percentage point, the question of whether the central bank will continue to do the right thing remains open.
Jerome Powell still believes in immaculate disinflation—and he appears to have won the market over to his view.
Fifty-seven percent of the economists, strategists, and fund managers in a recent CNBC poll say they expect the Fed’s interest rate hikes to result in a recession.
The Federal Open Market Committee’s March meeting minutes indicate that the Federal Reserve still believes it can bring down inflation painlessly.