, yes, that's always a popular fall-back theory, but that's even more reason for them to be muzzled in between the votes/conferences. Anyway, I've aired my view that it's a nonsense to create a framework for control and then ...

BOE's Pill: Can cut rates while leaving stance restrictive

Yes, thanks but don't get me wrong, I understand fully that: 1) ALL changes in stance is news, that all news can happen at anytime and anywhere, both as a controlled release and at the other extreme, a black swan moment. 2) That FF will not know ...

BOE's Pill: Can cut rates while leaving stance restrictive

I can't get my head round why any CB allows it's MPC (or equivalent) voting members to say anything between their meetings. Opening his mouth here has had much the same effect as if the MPC HAD decided to cut rates just a few days ago, which is more ...

BOE's Pill: Can cut rates while leaving stance restrictive

Thanks again for your excellent summary. I appreciate that a single dot on the graph is not a trend, that MA's are often more reliable gauges than a single plot, but whether using adjusted or unadjusted figures, a 10% difference in one week is ...

Unemployment Insurance Weekly Claims Report

I understand the point made and to most it might be an entirely reasonable reflection. But, since when have markets been totally rational? Most of the best operators get ahead of the curve and, please excuse a torrent of cliches, go with the rumour ...

The Employment Situation -- April 2024

You always present great clear summaries. You get them out so quickly too. Respect.

The Employment Situation -- April 2024

I thought I'd just insert this: but you beat me to it with good wording. Nice pop for a scalp. But as the markets digest this, the minimum expectation is increased volatility.

The Employment Situation -- April 2024

The list of countries that allow the head of state to decide the cost of money is not exactly infested with great success stories and it's not difficult to apply very simple, moral and economical theory as to why so. Sounder money comes from more ...

Trump advisors are considering plans to dramatically revamp the Fed, WSJ report says

I can't Private Message you, it seems, possibly because you're a new member. See if you can PM me in order to create the connection. I can give you some initial broad principles to research, at least.

Gross Domestic Product, Fourth Quarter and Year 2023 (Third Estimate), GDP by Industry, and...

Here's how: 1) Go to the Comment that you want to quote 2) On the top bar of the comment entry, you will see, from L to R: A) The 'Name' of the person who made the comment, then B) The Date/Time stamp of when the comment was made, then C) A Box ...

The Employment Situation -- February 2024

"FED’S BARKIN: WE’LL SEE IF THERE ARE RATE CUTS THIS YEAR"? Apologies for the sarcasm but "Wow! You don't say!" Talk about a statement of the ******* obvious as we're ALL looking at the figures, all of the time.

Fed’s Barkin: We’ll see if there are rate cuts this year

3 data points: Is that the sound of air hissing?

US Manufacturing PMI at 47.8%; February 2024 Manufacturing ISM Report On Business

I can't be bothered, frankly, even if you make a good suggestion. It just made me laugh all the more that someone can be so wrapped up in themselves and their alternative world, that they can't appreciate intended humour, nor be ...

EU Commission President Von Der Leyen: Threat Of War Not Imminent, But Possible

And now TudorIoan has gone a stage further by sending me a private message, to which I can't reply, intending to be some sort of aggressive, offensive hit-and-run. Clearly can't face the music. I can't find the answer on the internet for one term ...

EU Commission President Von Der Leyen: Threat Of War Not Imminent, But Possible

TudorIoan has now blocked me for finding this sentence funny: "You’re more than welcome to come over with your paddle as long as your rates aren’t too high , I’ll cancel the reservation I had for tonight" in response to the comment by Jade Gate, ...

EU Commission President Von Der Leyen: Threat Of War Not Imminent, But Possible

Quite. "Stagflation" within Retail. With inflation running at 4.0% p.a., not monthly, it suggests retailers are increasing margins still, despite the January Sales, which in turn will be maintaining inflationary pressures. In a ...

Retail sales, Great Britain: January 2024

Yes, and that too.

Is the June Rate Cut Off the Table?

I'd guess that's because too many bankers and business leaders have only experienced a period of low interest rates, which they THINK is normal, rather than the current situation being historically-normal and somewhat 'neutral'. They are frightened ...

Is the June Rate Cut Off the Table?

We don't disagree. My apologies for misinterpreting your intent in the original comment.

Personal Income and Outlays, December 2023

I DO get your point but that's what CPI is about, whereas this PCE is monitoring "consumer spending by choice" (ergo, Impulse Buying). It took me a while to understand why someone thought this a useful index. Food and energy are 'relatively' ...

Personal Income and Outlays, December 2023