William J. Luther
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Financial
Termination Day at the Fed? Probably Not
President Trump is not happy with Federal Reserve Chair Jerome Powell. With the economy likely to slow under the weight…
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Financial
Inflation Remained Elevated in February
The professional forecasters were right: inflation remained elevated in February. The Personal Consumption Expenditures Price Index (PCEPI), which is the…
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Financial
The Tariff Trade-Off Many Economists Ignore
At its core, economics is about making choices. We face trade-offs. If you want more of this, you must give…
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Financial
Did Inflation Really Elect Trump? The Case for a Deeper Economic Frustration
When asked why Donald Trump won the presidency last November, most people point to inflation. That’s understandable. Prices soared under…
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Financial
Inflation Picked Up in January, Latest BEA Data Show
Federal Reserve officials have warned that the disinflation process would be uneven. The latest data from the Bureau of Economic…
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Financial
December Inflation Meets Expectations
The latest inflation data from the Bureau of Economic Analysis largely confirm market expectations. The Personal Consumption Expenditures Price Index…
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Financial
The Fed Pushes Pause
The Federal Open Market Committee announced on Wednesday it would hold its federal funds rate target at 4.25 to 4.5…
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Financial
Fed Rate Cuts: Better Late than Never
"A 50 basis point cut in its federal funds rate target on Wednesday marks a reversal at the Fed." ~William…
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Financial
Inflation Slightly Below Target in July
"The federal funds rate target range is likely to be at least a full percentage point lower by the end…
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Financial
Competing Narratives on Real Wages
"Democrats want to take credit for the higher real wages. Republicans want to deny that real wages are higher. Both…
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