Fed Policy
There was a lot to like from the FOMC press conference this week. Here are the highlights from Powell’s press conference.
Our inflation previews are typically released to the public with a delay relative to what we provide to our exclusive High Frequency Descriptive Analysis (HFDA) distribution subscribers. The release of the revised seasonal factors led to the idiosyncratic delay in making this particular preview public, but at least for the
Whether or not we see another boom in productivity is a question of policy, not a question of fate.
Tight labor markets and strong investment are crucial to securing the three-legged stool of productivity growth, but a stable supply of the essentials may be the most important to focus on today.
The second leg of the productivity growth stool is a boom in fixed investment. This is the heart of productivity growth in many ways, and is critical to achieving disinflationary dynamics over the medium term.
