The Higher for Longer Part II Declared Jerome “The Hammer” Powell Issue Fed Chairman, Jerome Powell, continues to hammer home his “higher for longer” mantra regarding rates. The pivot will come eventually, but no time soon. The economy is showing surprising strength, and while there is still some ambiguity to the data, the nightmare economic … Read more
At Deep Knowledge Investing, we focus on helping you earn higher risk-adjusted returns. It’s our job to help you make more money to support whatever goals you have. Today, we’re featuring a guest post to address the crucial issue of how to communicate with family members about what will happen when you are ready to … Read more
The Higher for Longer and Jerome’s not Kidding Issue Jerome Powell tells the “pivot people” higher for longer. We’ve been seeing inconsistent economic data turning more negative. DKI Board Member Mish Shedlock illustrates this point and Michael Gayed warns about the possibility of another round of stagflation. DKI agrees with both of them. Charlie Biello … Read more
Today, Federal Reserve Chairman, Jerome Powell spoke to Congress. In his remarks, Powell made it clear that the Fed is likely to hike rates again this year and that he is committed to reducing inflation to the 2% target. He also reiterated that despite the recent declines in the rate of inflation, it’s not even … Read more
The “Pause” Issue New CPI is lower, unless you count Core CPI which is sticky. Fed “pauses”, but raises rate target for the year and pours cold water on the “pivot” soon crowd. The $ATVI / $MSFT deal faces further hurdles. And the yield curve continues to indicate a coming recession. We also congratulate DKI … Read more
Here’s a little Twitter fun from last week. Original piece is here: Is Jerome Powell destroying the economy? For 2 years, DKI has been critical of the Fed for being too slow to raise rates. We also agree with FinTwit stars like @RudyHavenstein, @saifedean, @stackhodler, & @macrojack21 that we should #EndTheFed. But it’s not all … Read more
I like Wolf Richter’s work and subscribe to his blog Wolf Street. His work is detailed and he’s covered recent issues in the housing market as well or better than anyone. Yesterday, he released a piece on the huge San Francisco hotel where the owner handed the keys back to the lender at a massive … Read more
Overview: Today, we got the May Consumer Price Index (CPI) report. It showed an overall increase of 4.0% in the last year and .1% vs last month. The core CPI which excludes food and energy was up 5.3% for the last year and up .4% from last month. The market is encouraged by the decrease … Read more
