Claudia Sahm documenting the personal attack by Trump on Fed Chair Powell and his actions concerning the economy. Typical modus operandi by Trump to critique the person’s intellect and capability . . . “A crash course in Fed independence,” Claudia Sahm With recession odds rising and the stock market down, it is no surprise that […]

This “Keep Calm” post showed up in my inbox today. I posted a partial of Economist Claudi Sahm’s report. She is discussing January CPI. I am more interested in the layoffs at the government and now corporations. I am seeing companies starting to follow suit with layoffs. Today and after the crash at Washington D.C., […]

A multi-level failure of the Summary of Economic Projections (which includes the dot plot) was partly to blame. People came looking for clarity. They got even more uncertainty and the sense of a Fed ‘flying blind.’ What markets want is the Fed forecast. As a result, S&P was down and Treasuries were up 10 points. Uncertainty . […]

Yes, I get occasional commentaries from this substack. No, I am not going to post it all here. Follow the link after you read what I did post of Claudia Sahm’s here. Labor market conditions. – by Claudia Sahm Tomorrow (9/6) is the jobs report for August 2024. There is intense attention for any clues […]