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Macro: PPI — PPI and Powell fuel rally

By Douglas R. Terry, CFA|2023-12-13T17:21:01-05:00December 13th, 2023|Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Real Estate, Stocks|

PPI Goods = -1.5% PPI Services = 2.1% PPI FD = .9% PPI translation to the consumer: PPI FD Personal Consumption = 1.04% PPI FD Personal Consumption less Food and Energy = 2.2% PPI FD Personal Consumption less Food, Energy and Trade Services = 2.9% PPI FD Personal Consumption less Food, Energy and Distributive Services = 3.4% We continue to [...]

I Think The FOMC Meant Something Else Entirely

As if it needed further clarification, the FOMC has gone its own way publicly against pretty much everything else because there is no other course that could even possibly end Hollywood-style. The constant reference to “slack” in the labor market is what gives this away. A potential reduction in labor slack would mean emphasis on inflation rather than unemployment. However, [...]

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