The Fed provided a clear signal about increasing interest rates in the near future. I think they are late to the party and I think there is one big reason to worry about an overshoot.
Talking about inflation in the West North Central area and some issues along with that inflation.
With all respect to Sir Thomas Malory, monetary policy as an independent policy voice is dead.
A caller asked me about the necessity of interest rate decreases for the economy. I answered on air, and expand on that answer a bit here.
With the discussion of the Federal Reserve and policy decisions coming back in front of the national debate these days it seems some more interest rate data would be good to review. The fiscal-monetary dynamic seems destined to be re-opened with lots of questions about the appropriate stance of policies, sequence of policies, and of course the incessant whining about policies (mostly monetary).Continue reading Yield Spreads