ECONOMICS

While the market remains focused on tomorrow's CPI print, and to a lesser extent the April retail sales reports due at the same time, which will both be released at 8:30am on May 15. we should to flag another important report that doesn’t typically get a lot of attention: the New York Fed’s Household Debt and Credit Report (more…)

Authored by Alfredo Ortiz via RealClearPolicy,

The specter of stagflation has returned. On April 25th, The Bureau of Economic Analysis announced that GDP only grew by 1.6% in the first quarter of this year, well below expectations. 

Consumer spending on goods actually declined in the quarter as ordinary Americans are financially tapped out. The report also showed inflation remains stubbornly high, continuing a recent trend of resurgent inflation running about twice (more…)

Squeezed in between today's (hotter than expected) PPI and tomorrow's CPI, Fed Chair Jay Powell will join The ECB's Dutch Central Banker Klaus Knot at the annual general meeting of the Foreign Bankers' Association.

After PPI – and a wave of higher prices across various indicators – will Powell admit that he can now see the 'flation'?

…and if not, will he explain why he is so desperate to start cutting rates (before November?). (more…)