This week’s news on consumer inflation supports the case for expecting that the Federal Reserve’s interest rate hikes are approaching the end game. The basic calculus is that are disinflation persists, the odds rise that the central bank will pause its policy of tightening monetary policy.
Daily Archives: July 14, 2023
Macro Briefing: 14 July 2023
* Falling US dollar is boost for risk assets across the globe
* US federal deficit surges in first nine months of fiscal year
* Soft landing odds rise for US economy after release of inflation data for June
* Wholesale inflation barely rose in June vs. year-ago level
* Too early to declare victory on inflation, says SF Fed president
* US jobless claims tick down, holding near multi-decade low:
