Shipping Around Retail ‘Inflation’
This whole “inflation” scenario isn’t really that difficult to piece together, effect from cause. Sure, Jay Powell’s trying to nuke it by hiking the federal funds rate, but no one really uses fed funds and the problem isn’t the unsecured cost of borrowing bank reserves (not money) that are literally overflowing. For one, the FOMC’s efforts aren’t going to get [...]
Stay In Touch