I wish I were making this up, but Jerome Powell actually acknowledged the Fed doesn’t have high confidence in its own forecasts. In fairness, we don’t have confidence in their forecasts either. DKI pointed that out in a recent monthly letter where we detailed how inaccurate even near-term Fed forecasts have been. Past that, there … Read more
The Federal Reserve completed its June meeting, and kept the fed funds rate unchanged. Your bullet points ahead of Chairman Powell’s 2:30PM press conference. The fed funds rate remains unchanged at 5.25% – 5.50%. Earlier this year, most market participants expected the Fed to cut by either the January meeting or the March one. … Read more
This piece was originally published on June 12th, 2024 Overview: Today, we got the May Consumer Price Index (CPI) report which showed an overall increase of 3.3% unadjusted in the last year and 0.2% vs last month. That’s slightly below last month’s 3.4% and expectations of 3.4%. The 0.2% monthly increase was below the 0.3% … Read more
Ok – it’s a bit of a clickbait title. I confess. The economic news this week wasn’t great, but we’re not actually at doomsday. I’ve been making the point that we’re in a bifurcated economy where a few people doing extremely well pulls up the overall statistics while hiding the fact that most of the … Read more
A few weeks ago, I had the opportunity to do a webinar with Enrique Abeyta of HX Research on Talen Energy $TLNE. Enrique did a fantastic job making the case for why Talen could double from current prices. That video is linked in the piece below. This morning, HX Research published an update on Talen … Read more
