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From livewiremarkets.com|2 hr 46 min agoFor the better part of three years, markets have fretted about a 1970s-style inflation cycle. It seemed every inflation print mattered (sometimes to the nearest rounded second decimal point). Even more than other substantive issues, like how much profits companies were generating. As the US inflation rate predictably normalises back to its pre-Covid levels, ...
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From @financialjuice|16 hr ago|1 commentpost: FED'S POWELL: RETAIL SALES AND Q2 GDP INDICATE AN ECONOMY GROWING AT A SOLID PACE, WHICH WILL ALSO SUPPORT LABOR MARKET. post: FED'S POWELL: WE DON'T NEED TO SEE FURTHER LOOSENING OF LABOR MARKET TO GET INFLATION DOWN TO 2%. post: POWELL: IMMIGRATION IS ONE OF THE THINGS THAT HAS ALLOWED UNEMPLOYMENT RATE TO RISE post: Powell: "It feels to me the neutral rate is probably significantly higher than it was back then" [before the pandemic]. post: FED'S POWELL: WE ARE NOT DECLARING VICTORY ON INFLATION.
- From livewiremarkets.com|2 hr 46 min ago
