Inflation and the Federal Reserve Board
A dollar held since 2020, now has the purchasing power of eighty-five cents.
Robert Hamill
A dollar held since 2020, now has the purchasing power of eighty-five cents.
CPI inflation reads higher than PCE Core which the Fed uses to guide its reaction to inflation.
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In 2022, bondholders faced a stark reality: an average loss of 13.7% of their principal.
Almost matches occur when we compare concepts, ideas, patterns, or phenomena that don’t precisely match.
The upshot of the Republican Tax Cut bill will be a minor increase to GDP yet a major increase to stock prices.