Has Team Transitory really won America’s inflation debate?

economist.com In late 2021 Jerome Powell, chairman of the Federal Reserve, called for the retirement of “transitory” as a description for the inflation afflicting America. The word had…

Freeland defends budget’s capital gains hike despite widespread criticism from tech leaders

theglobeandmail.com Finance Minister Chrystia Freeland defended the government’s proposed capital-gains tax hike that has drawn widespread criticism from economists and innovators alike,…

Former US Treasury Secretary warns Trump plans would 'set off an inflationary spiral'

semafor.com The News Former U.S. Treasury Secretary Larry Summers predicted that Donald Trump’s return to the White House could have “catastrophic consequences” for the economy.…

Inflation We Can Feel, That Perhaps We Don’t Measure

aier.org In the aftermath of the pandemic, the United States experienced the highest rates of inflation of the last four decades. More recently, inflation rates have been trending…

Many CEOs fear a second Trump term would be worse than the first

economist.com When Donald Trump left office three years ago, still huffing, puffing and plotting to overturn the results of the 2020 presidential election, the leaders of most of…

This Unhappy Global Dynamic Will Lead Markets And Market Analysis For Years To Come

zerohedge.com This Unhappy Global Dynamic Will Lead Markets And Market Analysis For Years To Come By Michael Every of Rabobank Non Ducor, Duco Who/what leads and who/what is led? That’s…

Helene Meisler says this is how to trade oversold stocks this week

thestreet.com Stock investors have enjoyed good times over the last year, with the S&P 500 soaring 23%, far above the average annual increase of 10% over the last 40 years. Stocks…

Fed Rate Cut Would Be a Dangerous and Egregious Error, Says Former Treasury Secretary Larry Summers

dailyhodl.com Former Treasury Secretary Larry Summers is warning that a potential rate cut by the Federal Reserve would be a serious mistake. In a new interview with Bloomberg Television,…

Summers: Inflation Reached 18% In 2022 Using The Government’s Previous Formula

forbes.com Numerous commentators—especially those defending President Biden’s economic record—have puzzled over why Americans are sour about the state of the U.S. economy. Unemployment…

Veteran fund manager delivers blunt warning on stocks

thestreet.com Stocks have soared over the past 12 months, with the S&P 500 climbing 24%, well above the average annual return of 10% over the last 40 years. Stocks received a strong boost…

The Fed might not be done raising interest rates just yet

cnn.com Interest rate cuts have been the main focus for Wall Street ever since the end of last year, when Federal Reserve officials indicated they intended to lower rates. But…

Former U.S. treasury secretary takes hard-line stance on rates

thestreet.com At the beginning of 2024 interest-rate traders expected six or more rate cuts from the Federal Reserve this year. This was the case even though Fed officials had a mean…

The inflation fight has stalled and the first rate cut won't happen until December, Bank of America says

aol.com None Bank of America pushed back its forecast for the first rate cut of 2024 from June to December. • None The bank adjusted its call following the hotter-than-expected…

Spring, Summers, Nuclear Fall(out), Or Winter?

zerohedge.com Spring, Summers, Nuclear Fall(out), Or Winter? By Michael Every of Rabobank Yesterday’s US CPI was radioactive. Headline and core were both 0.4% m-o-m, and 3.5% and 3.8%…

The stock market's best-case interest rate scenario is in tatters after March CPI

aol.com None The stock market's best-case scenario for Fed rate cuts is in danger. • None Inflation came in hotter-than-expected for the third month in a row in March. • None The…

The Odds for a Summertime Rate Cut Are Dwindling

nytimes.com What inflation means for the Fed and Biden U.S. inflation jitters are being felt around the world this morning, after the latest Consumer Price Index report showed inflation…

ADL gives Harvard and a dozen other universities failing grades on campus antisemitism

aol.com The Anti-Defamation League has graded 85 American universities for their policies to protect Jewish students from antisemitism on campus. It gave Harvard and 12 other…

Stock market today: futures settle after inflation surprise sparks sell-off

aol.com None US stock futures settled on Thursday after slumping in response to hot inflation data on Wednesday. • None Headline price growth rose to 3.5% in March, slashing the…