Truckers attest to stress-busting power of pets on the road Freight Waves Fed officials signal just one interest rate cut before end of 2024 FT Big Tech Wins Again on Double Whammy Day John Authers, Bloomberg Private equity firms have...
Yves here. Despite a very favorable CPI report, readers have continued to complain during the weeks going into the data release about inflation. Some experts contend that this unhappiness and stress is due to the past big price increases still...
There’s been an odd failure to question the claims about the dollar being past its sell-by date date even as it trades at lofty levels, including relative to the Euro, renminbi, and rouble. For instance, the dollar is at .93...
Intel’s new campus coming to New Albany, OH, is in heavy construction, and around 20 super loads are being ferried across Ohio’s roads by the Ohio Department of Transportation after arriving at a port of the Ohio River via barge. Four of...
Yves here. This post contains a careful and credible analysis of how marked deviation from normal temperature levels (here in the hot direction in Mexico) increases default levels, which then results in constrained lending for a period of time afterward....
Here is the audio, video, and transcript. Here is the episode summary: Founder of the consultancy FACE, Velina is a geopolitical strategist guiding businesses and organizations to anticipate the outcomes of global conflicts, shifting alliances, and bleeding edge technologies on...
Here’s a picture of the Fed funds pre- and post-CPI release/FOMC SEP: Source: CME accessed 6/12/2024, 1:30pm. Before the news, the implied drop over 2024 was 35 bps, now 39 bps. How many drops? Using modal probabilities: Source: CME...
The survey indicates 2.0% median growth q4/q4, not far from June SEP at 2.1% (unchanged from March). Figure 1: GDP (bold black), May Survey of Professional Forecasters median (blue), FT-Booth School implied (tan square), Survey of Economic Projections/FOMC June median...
By Lambert Strether of Corrente. Bird Song of the Day Sedge Warbler, Sinker’s Fields, Whixall, Shropshire, England, United Kingdom. “2 canal towpath 1 main drain near hide.” Short but sweet! * * * In Case You Might Miss… (1) Trump...
Headline and core surprise on the downside: m/m 0.2% vs. 0.3% consensus, and 0.0% vs 0.1% consensus, respectively. More interestingly, Cleveland Fed core CPI nowcast for May m/m was 0.30%, actual was 0.16%. First, a comparison of different measures of...
