Days of Wine & Rosés

(1) Les Misérables. (2) Rosé a day. (3) Setback for Socialists in France. (4) Six cylinders firing in Eurozone. (5) Slicing and dicing Yellen’s latest speech. (6) FOMC lowers new normal unemployment rate. (7) Waiting for Godot and Phillips? (8) From ZIRP to LIRP. (9) Liftoff coming, though it might be postponed, but will be gradual until further notice. (10) Fed puzzled by persistence of low inflation. (11) Slicing and dicing the inflation data. (12) Three-month annualized core PCED inflation rate falling below 1.0% rather than rising to 2.0%!