Inflation

The Fed Does Nothing and Can Do Nothing

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The Fed concluded its January meeting, and as expected, took no action. Most Fed Governors voted to maintain the current fed funds rate with two dissents favoring a small 25bp (.25%) cut. The market shrugged and finished flat(ish) to up small depending on your favored index. This was a reasonable reaction.   Many are still … Read more

5 Things to Know in Investing This Week – The Federal Reserve Enables Theft Issue

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The CPI stays locked in a tight range thanks to the BLS presenting a constantly-understated version. High inflation continues regardless of the official statistics or the actions of the Fed. Chairman Powell announced that he’s being investigated causing political actors to bemoan the politization of the Fed. The Fed has always been a political institution … Read more

CPI Notes

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The December CPI was announced yesterday. Normally, I do an immediate detailed analysis. That made sense when wildly fluctuating inflation metrics had a real impact on what the Fed was going to do. I see the data as less valuable and timely right now. The December CPI was 2.7% with the Core CPI at 2.6%. … Read more

Japan, Failing Fiat, and Precious Metals

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Overview: There’s been a lot in the news and on Fin-X lately about Japan, record gold prices, and skyrocketing silver. Here’s a quick summary of the situation(s).   Japan: I was going to write a long explanation, and then realized I’ve covered this in detail in the past. The short version is Japan ran up … Read more

November CPI is 2.7%

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 Overview: Today, we got the November Consumer Price Index (CPI) report which showed an overall increase of 2.7% for the last year. There was no October report due to the government shutdown so there will be no monthly comparisons in this piece. The annual number is down 0.3% from the September report and 0.4% below … Read more

The Fed Cuts – QE is Back

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The Federal Reserve concluded its last meeting of 2025 and as expected, lowered the fed funds rate by 25bp (.25%). In an increasingly more common event there was dissent. For years, any Fed Governor dissenting was unusual. Any arguments were held behind closed doors while the committee presented a unified face to the public. Today’s … Read more

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