The Federal Reserve: The Federal Reserve concluded its July meeting and to the surprise of no one, left interest rates unchanged. I think it was the right move. The economy seems to be doing well-enough and inflation remains above the 2% target (which I continue to insist is 2% too high). DKI has been outspoken … Read more
Overview: Today, we got the June Consumer Price Index (CPI) report which showed an overall increase of 2.7% for the last year and up 0.3% for the month (annualizes to 3.7%). The annual number is up 0.3% from May and 0.1% above expectations. The monthly is up 0.2% and consistent with expectations. The Core CPI … Read more
Overview: Today, we got the May Consumer Price Index (CPI) report which showed an overall increase of 2.4% for the last year and up 0.1% for the month. The annual number is up 0.1% from April and in line with expectations. The monthly is down 0.1% and below expectations. The Core CPI which excludes food … Read more
Florida Man kills python by throwing an alligator at it requiring insurance claims on three totaled tricycles? Last week, I let you know I was on a 9-hour train trip from NYC to Pittsburgh to visit my favorite cousin, Robb, and my Great Uncle Herby. Because they wouldn’t let me drive the train, I was … Read more
