News about inflation

Not a common take, but one I tend to agree with here. Inflation isn't the worry they keep telling us it is and the Fed should cut now. Interesting one from @Ritholtz. ritholtz.com/2024/05/fed-cutting-oer/

"If you want to know the trouble with a balanced outlook, ask a tightrope walker." The opening sentence to James Mackintosh's article in today's @WSJ on the #FederalReserve. #economy #markets #centralbanks #Fed #econtwitter @jmackin2

US Stock Market Capitalization as % of GDP... 1984: 42% 1994: 63% 2004: 93% 2014: 114% 2024: 187% pic.twitter.com/PkFAa3WHD4

Instead of focusing on the ISM Services Index plunging into #recession territory, with pronounced weakness in employment, investors focused on the surging prices paid component. They missed the point that #recession will prevent the #Fed from raising rates to fight #inflation.