Hints and tips:
...Tuesday China: National People’s Congress annual session for the country’s top legislature opens in Beijing Czech Republic: French President Emmanuel Macron will visit Prague Russia: 71st anniversary of Joseph...
...Joseph Stiglitz, the Nobel-prize-winning economist, in November published “A Victory Lap for the Transitory Inflation Team”, which does what the headline promises....
...Powell insisted that the Fed was not even entertaining the idea of when to cut rates....
...We’ll be watching how chair Jay Powell frames the argument in his press conference, where he speaks for the whole committee....
...The fed funds rate, meanwhile, has been made obsolete and left in an “undead state”, as Joseph Wang writes in a new post on his Fed Guy blog....
...else I’m keeping tabs on today: US interest rates: The Federal Reserve is expected to maintain its benchmark interest rate at a 22-year high, but investor attention will be on the comments of chair Jay Powell...
...Former policymakers and economists expect the central bank’s chair Jay Powell to emphasise this “higher-for-longer” stance on interest rates during his much-anticipated speech on Friday....
...“This is a point of minimum — rather than maximum — confidence,” as Joseph Gagnon of the Peterson Institute told the FT last week....
...However sticky US inflation might be, one glance at UK prices sure makes Jay Powell’s job seem easy....
...Ex-shelter core services inflation, the category keeping Jay Powell up at night, rose 0.5 per cent (6 per cent annualised) in February, despite recent softening in wage growth....
...Joseph Hall, a partner at the law firm Davis Polk and an expert on both securities and crypto, says the SEC case is “a garden variety securities fraud complaint” and not about crypto per se....
...“No one knows with any certainty where the economy will be a year or more from now,” US Federal Reserve chair Jay Powell admitted late last year, after it became clear that Fed forecasts on inflation were...
...At Jackson Hole, Powell would “acknowledge the weakening of the growth cycle and . . . the narrowing pathway toward a soft landing”, said Joseph Little, global chief strategist at HSBC Asset Management....
...That’s longer than Thomas Mann’s epic Joseph and His Brothers, which took over 17 years for the German author to write, and is marginally a better read....
...As Joseph Amato, chief investment officer for equities at Neuberger Berman puts it: “When the Fed pushes the brakes, someone goes through the windshield.”...
...She once asked Colin Powell, then chairman of the joint chiefs of staff: “What is the point of having this superb military you’re always talking about if we can’t use it?”...
...It will be 79 years next Sunday since Joseph Stalin died, but Uncle Joe’s totalitarian principles are alive and well in the fatherland. Is there hope?...
...Recommended Reading Economist Joseph E Stiglitz agrees with me that neoliberals need some of their own shock therapy....
...PwC veteran Ian Powell is stepping down as chair of Capita....
...“It rules out a September announcement for the start of a reduction in asset purchases,” added Joseph Song, senior US economist at Bank of America....
...(One could add the famine Joseph Stalin inflicted on Ukraine in the 1930s.) Where to place today’s economic hit in comparison?...
...As Joseph Capurso, head of international economics at the Commonwealth Bank of Australia, wrote this week: “War, above all else, is the ultimate expression of politics....
...Earlier this month Jay Powell, Fed chair, laid the groundwork for a more aggressive approach to tackling rising prices and scaling back its ultra-accommodative monetary policy when he said it was highly...
...One good read Joseph Wang of the Fed Guy blog makes a simple but interesting point. The Fed has kept rates low in order to maximise employment....
...The risk that the pandemic could surge again still worries Powell....
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