We’re seeing signs both of upwards inflation, and unemployment. The migration from full-time to part-time jobs is notable as well, and has been going on at a low but elevated rate for a while - though it appears to be accelerating.
Yeh, sure. 🙄
“It’s always a mistake to over-interpret one month’s number — and that’s especially true in January, where calculating seasonality is difficult,”
Larry Summers is Krugman in drag. Both know less about economics than a bodega owner. That being said, the next move SHOULD be a rate hike. Inflation is still going gangbusters but they won’t do it in an election year. That would hurt the incumbent vegetable.
> …the Fed has to be “very careful.” <
Yes, indeed. They’ve got to balance inflation and rate hikes so as to give the Democrats a huge win in November. It won’t be easy.
But then again, the mail-in vote counters will be helping, too.
Yes it’s not going to be a hard landing it’s going to be a crash.
Soon banks and bankers will look like 1929 money and banker gone doors licked
Off the shelf medicine, increased 58% over the last 3 years.
Was $11:94, then $14.94, then $17.94, and yesterday, $18.9.
Federal Reserve needs more money so they steal from us suckers.
Not before the election.