THE DATA IS CONSISTENTLY SURPISING ON THE UPSIDE…SOME ARE ASKING “WHERE’S THE BEEF (INFLATION)?
FRB Chair Powell stated yesterday that the Central Bank expects the inflationary aspects of the tariffs will be felt later in the year. Powell also commented the FOMC probably would have cut rates further this year absent the threat/use of tariffs. When the Fed Chief was asked about a July reduction, he did not rule … Read more