(1) Will the base effect on inflation be basically transitory? (2) What about the M2 effect? (3) The base effect has started in the Richmond Fed’s district, and then some. (4) Delivery times on the rise. (5) Home price inflation not reflected in CPI, but could soon indirectly boost rent inflation. (6) Powell admits sun is coming out, but only seeing clouds. (7) Ignore the dot plot. (8) An odd op-ed. (9) Fed’s top priority: broad based and inclusive employment. (10) Powell declares Phillips curve is dead. (11) Any bad consequences of Fed policies will be temporary, or else you’ll get another relief check.
End of free preview
Ed's complete analysis, every chart linked, and the archive back to 2009.
Individual investor? Ed's QuickTakes are available for personal use at yardeniquicktakes.com →