chelleld16.bsky.social
Lover of democracy, Angeleno, music, live music, dance, books, outdoors, hikes, caring for/about others, good times with good people. Go Dodgers!🇺🇦 “Music expresses that which cannot be put into words and that which cannot remain silent” - Victor Hugo
👤 Joined on 12 Kasım 2024
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@chelleld16.bsky.socialMy take on the Fed’s pause - don’t mistake it for a truce. The battle against inflation is far from won. lnkd.in/p/gaDJj7EU
Show PostHere is a full write up of my take on the Fed’s pause and dissents. The dissents give the Fed credibility as consumer are still struggling with the top high a level of prices. The Fed says expectations are well-anchored. That is not what I hear from firms & consumers. kpmg.com/us/en/articl...
Show PostMore costs and higher benefits are eating into wage gains.
Show Postbut that is crowding out other infrastructure projects. Inflation picked up and showed up in the service sector as well as in energy prices. More to come on that front. It burns. The Fed has this data yesterday & had a good idea, as most economists did, what it would show prior to its meeting.
Show PostHousing slipped further into an ice age (🥶), while imports ballooned on the surge in data center inputs. Hence, breakdown between the investment boom and employment gains. Pockets of labor shortages with wage growth are occurring in states with a high concentration of data center construction
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