In 2021, Chairman Powell and Secretary Yellen said inflation was transitory. In 2023, political commentator and MMT enthusiast, Paul Krugman, said we had defeated inflation. In 2025, the PCE (the preferred inflation metric of the Fed) has made no real progress in the past year and the Core PCE is rising again. Retail investors are … Read more
DKI has been warning about a weak private sector for more than a year, but consumers kept spending down their savings and taking on more debt. Recent data indicates we might be reaching the end-point of that practice as debt peaks and sales are weak. The Federal Housing Administration appears to be paying the mortgages … Read more
The Federal Reserve concluded its March meeting and surprised no one by keeping the fed funds rate unchanged. Let’s go through the details: As I type this, Jerome Powell is delivering his prepared remarks at his press conference and reiterated his typical language of being “data driven”. He’s also talking about a higher-than-usual level … Read more
One month after the market worried about an increase in the CPI, it celebrated a slightly lower reading. That seems great until you look at the chart and see that there’s been no real progress on inflation in months. In order to get inflation down, the government could cut wasteful spending. DKI likes that option … Read more
