The June CPI number came in at 9.1%. This is not only the second consecutive month that we’ve seen an increase – it was a whopper. [Read more…]
The Fed Increases Velocity
The Fed Increases Velocity
The Federal Reserve raised the key short-term interest rate by 75 basis points in response to the release of the May headline CPI number, which increased to 8.6%. This marked the first 75 basis point increase in the Fed funds rate since 1994. [Read more…]
Are Fed Actions Working?
Are Fed Actions Working?
After April’s downturn, the first two weeks of May have not seen substantial improvement. By Thursday, May 12, markets were dangerously close to bear territory. The Fed enacted a 50-basis point increase in the Fed funds rate at the May FOMC meeting, and we also now have April’s key data. [Read more…]
