Bowing to recent data, Federal Reserve Chairman Jerome Powell on Tuesday conceded that inflation progress has stalled and the case for rate cuts has weakened. The Treasury market has been effectively making the same case for weeks, but when the top central banker says it out loud the crowd notices.
Daily Archives: April 17, 2024
Macro Briefing: 17 April 2024
* Fed Chair Powell says there’s been a ‘lack of further progress’ on inflation
* US expected to grow at double the rate of G7 peers in 2024, predicts IMF
* Free-market policies are fading around the world, and that worries economists
* US industrial output increased for second month in March
* US housing starts in March fall to slowest pace in seven months:
