Hints and tips:
...As BlackRock’s Rick Rieder notes, once you exclude shelter and used cars, inflation has fallen remarkably far....
...“I just don’t see producers getting all excited about near-term price and I think we are going to see continued [price] volatility,” said Rick Muncrief, chief executive of Devon Energy, an Oklahoma City-based...
...Water levels on Lake Powell were the lowest since it was filled in the 1960s....
...Rick Rieder, BlackRock’s chief investment officer of global fixed income, described Powell’s message as “almost a dismissal” of the recent improvements in inflation....
...Rick Rieder of BlackRock told us on Tuesday that something like this is his base case: “I think soft landing is very likely as long as the Fed doesn’t feel like it has to over tighten....
...On Wednesday, Republican senator Rick Scott of Florida and Democrat Elizabeth Warren of Massachusetts introduced a bipartisan bill that would replace the Fed’s internal investigator with one appointed by...
...After the Federal Reserve’s failure to properly identify and prevent the shocking failures of Silicon Valley Bank and Signature Bank, it’s clear we can’t wait any longer for big change at the Fed,” said Rick...
...But with rates rising, “all of a sudden those assets become very hard to roll over” as Rick Rieder of BlackRock says....
...Then came chair Jay Powell’s press conference....
...“I don’t recall this dramatic of a reassessment of economic conditions in such a short time period, with the exception of major shocks like Covid-19 and the collapse of Lehman Brothers,” said Rick Rieder...
...As Jay Powell put it last week: “This is not like the other business cycles in so many ways.” We’ve summed up several data points we look at below....
...,” Powell later recalled....
...But take Powell at his word....
...The three-week drop in US stocks gained steam after the Fed’s annual symposium in Jackson Hole last week at which chair Jay Powell reiterated the central bank’s commitment to taming inflation, saying they...
...Like Powell, other top officials maintain confidence in the Fed’s ability to execute a soft landing....
...Letter in response to this article: The divergence in UK life expectancy is disturbing / From Luke Powell, Charing, Kent, UK...
...-- International air travel update -- The problematic vinyl boom -- Fishless fish are coming -- A history of All Things Must Pass -- Song of the day: Rick Cuevas -- The Birds...
...Rick Powell has never seriously considered breaking the law before....
...Brainard and Powell are close ideologically on monetary policy, but Powell has significantly more political capital at his disposal....
...“The Powell Fed tries to avoid surprises,” Roever added. “They try to communicate an idea to the market ahead of doing something substantial.”...
...Everyone, from Powell on down, is betting on transitory. If the bet is lost, it’s going to be ugly....
...I think the attitude of Blackrock’s Rick Rieder represents this attitude well: “There’s been a great deal of hand-wringing by some market participants over the potential market implications of the Fed’s...
...“I think [Fed chair Jay Powell] is captive to the financial markets, and so he will gradually creep out of buying bonds, and next year he maybe gradually raises interest rates.”...
...Oz, who is also vying for the Republican party’s nomination, was equally surrounded by prominent figures from Trump world, including Rick Perry, Trump’s energy secretary, and Harold Hamm, the shale oil executive...
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