Fascinating. First time ever 0 effective jobs being created by the private sector...
Manufacturing jobs are negative..
Manufacturing jobs are negative..
Money & Economics
- Thread starter bigredfish
- Start date
Small tidbit from my meeting.
Real estate guys. Some with big $$$ to invest. I did not belong there but was invited by a friend who plays in such circles.
Short version: Wait. Expect 30% drop
Real estate guys. Some with big $$$ to invest. I did not belong there but was invited by a friend who plays in such circles.
Short version: Wait. Expect 30% drop
It's situations like this that led me to stop using logic to predict anything and look like a fool in the end.
To head off the inevitable ambush by fact checkers he actually said"
"In the near term, our energy prices will push up overall inflation..."
"In the near term, our energy prices will push up overall inflation..."
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"... a series of shocks have interrupted progress that we've made over time and that happened most recently with tariffs...."
Of course you could just listen to it...
Of course you could just listen to it...
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SUMMARY OF FED DECISION (3/18/2026):
1. Fed halts rate cuts for the second straight meeting
2. Fed projects one rate cut in 2026, one in 2027
3. Fed 2026 PCE inflation forecast revised higher to 2.7%
4. Fed says implications of Middle East developments are "uncertain"
5. Fed Governor Miran dissents in favor of an interest rate cut
6. Today's rate decision was reached in an 11-1 vote
1. Fed halts rate cuts for the second straight meeting
2. Fed projects one rate cut in 2026, one in 2027
3. Fed 2026 PCE inflation forecast revised higher to 2.7%
4. Fed says implications of Middle East developments are "uncertain"
5. Fed Governor Miran dissents in favor of an interest rate cut
6. Today's rate decision was reached in an 11-1 vote
Sounds like we didn't hear the same thing. I heard comments about the oil price shock affecting future inflation numbers, but for the current inflation situation the only specific cause I heard was tariffs. As far as the adult delivery goes, I agree. In the past I believed all of Donald Rumsfeld's adult delivery as he apparently misled us about WMD in Iraq, and I no longer associate the quality of delivery with truth. Gosh, in my lifetime Regan was the champion of making people feel good no matter what he said. Powell multiple times talked about the 2% inflation target, like 2% is a good thing. Isn't it really a 2% annual tax on everybody's dollar holdings? A tax that has no statute behind it?
No we didn't
He wasnt there to give an overview on all of your hot buttons (all of which he has come out against and about) This is a short term monthly/quarterly review
"a series of shocks have interrupted progress that we've made over time and that happened most recently with tariffs...."
And if to listen to the entire answer on the full press conference you'll see in that same conversion he was addressing Inflation, not spending, mentions " a series of shocks over the past 5 years - Covid, then tariffs, and now oil which he clearly addresses and says the verdict is still out as to how much it will affect things.
Any intent to somehow focus solely on tariffs you're reading into today's comments are unjustified
He wasnt there to give an overview on all of your hot buttons (all of which he has come out against and about) This is a short term monthly/quarterly review
"a series of shocks have interrupted progress that we've made over time and that happened most recently with tariffs...."
And if to listen to the entire answer on the full press conference you'll see in that same conversion he was addressing Inflation, not spending, mentions " a series of shocks over the past 5 years - Covid, then tariffs, and now oil which he clearly addresses and says the verdict is still out as to how much it will affect things.
Any intent to somehow focus solely on tariffs you're reading into today's comments are unjustified
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