European Officials Now Worry About Reliance of Dollar Funding by the Fed
Tyler Mitchell Can the EU rely on dollar funding by the Fed with Trump in play? Dollar Funding Under Trump…
Millions of Baby Boomers Are Not Financially Prepared for Retirement
Are you ready for retirement? Tens of millions of boomers aren’t. Boomers by the Numbers B&D has an…
Trump Says He Is “Very Angry, Pissed Off” at Putin
If Trump remains angry, no country buying Russian oil will sell anything to the US. The Wall Street…
Hot PCE Inflation Data and Weak Spending Sure to Give the Fed Headaches
There is no good news on inflation or spending in recent data. Personal Consumption Expenditure Price data from…
Despite Hot Inflation, the Market Still Expects a Fed Rate Cut in June
There is still a 78.6 percent chance of at least a quarter-point cut in June. This morning I…
Fed Chair Jerome Powell Revives the Words “Transitory Inflation”
Please note Powell revived from the dead, the word “Transitory”. I missed this real time. But while researching…
Real Disposable Personal Income Up 0.5%, Real Spending Up 0.1% in February
Consumers seem to be hunkering down in February as income outpaces spending. Chart Notes Disposable means after taxes…
Consumer Sentiment Dives to Lowest Level Since 2022 as Inflation Expectations Jump
It’s a good thing inflation expectations don’t matter. I see little to no use for this very volatile…
GDPNow Nowcast Takes a Steep Dive Into Negative Territory, What Happened?
Another blast of imports and a poor spending report impacted the Nowcast. Pat Higgins at GDPNow has made…
Over 9 Million Student Loan Borrowers Could See their Credit Scores Tank
The student loan debacle is about to hit the crisis stage. Who’s to blame? Nine Million Borrowers at…