Inflation Alert! Fed Governor Philip N. Jefferson: “if you are willing to widen your lens to include a more commonplace definition, then it is possible to conclude that current monetary policy is, in fact, “on track.”” “The bad news is that there has been little progress on core inflation.”

by Dismal-Jellyfish https://www.federalreserve.gov/newsevents/speech/jefferson20230512a.htm On the Assessment of Current Monetary Policy Governor Philip N. Jefferson At the “How to Get Back on Track: A Policy Conference,” Hoover Institution, Stanford, California Highlights: “Current inflation is still high.” “Personal consumption expenditures (PCE) inflation, …

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“Many clients are generally bearish on stocks at current prices given the earnings risk, but they are unwilling to sell into the strength for fear of missing out on a further rally” –MS

"Many clients are generally bearish on stocks at current prices given the earnings risk, but they are unwilling to sell into the strength for fear of missing out on a further rally" –MS pic.twitter.com/7FVxfVYz9N — Gunjan Banerji (@GunjanJS) February 13, …

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