Alfred Hitchcock & The Dot Plot

(1) The dot plot could be the next horror show for the financial markets. (2) Powell says to pay no attention to the forecasts of his colleagues. (3) Monetary policy is backwards looking on purpose. (4) Falling behind the yield curve. (5) Fed’s forward guidance pushes tightening into 2023 or later. So it is likely to come much sooner. (6) The regional surveys of business activity and pricing are hot. (7) Delivery times getting longer as unfilled orders pile up. (8) The government is on a spending spree. (9) Taxes are coming.