News about interest rates, Fed

The Fed's preferred measure of inflation (Core PCE) moved down to 2.75% in April, the lowest since March 2021. The Fed Funds Rate is now 2.5% above Core PCE, the most restrictive monetary policy we've seen since September 2007. bilello.blog/newsletter pic.twitter.com/GIRD8sJXWk

It is time for the Fed to begin cutting rates. Keeping rates high threatens to do unnecessary harm to the economy, particularly to the housing sector. Jim Parrott and I have an op-ed in today’s WaPo. @PostOpinions wapo.st/3RfqLRI

Fed: " The economy is so hot we can't cut rates" Oh. pic.twitter.com/EXmRYXklcU

Americans earned about $3.7 trillion from interest and dividends in Q1 at a seasonally adjusted annual rate, up roughly $770 billion from four years earlier. This “is going to make it harder for the Fed to reach their inflation target.” www.wsj.com/economy/americans-have-more-investment-income-than-ever-before-84b7a6c6?mod=mhp pic.twitter.com/0kZMdqiJlV