Inflation Alert! The Fed's preferred inflation measure continues to rise! Excluding food and energy, the PCE price index increased 4.2 percent from one year ago--still more than DOUBLE the Fed's 2% target. More fuel for rate hikes...
TLDRS:
* The Fed's preferred inflation gauge is still growing...
* Reminder, while banks have the liquidity fairy, 'we' get the promise of 2 more rate hikes this year, Atlanta Fed President Raphael Bostic yet again enrichens himself inappropriately from his position.
* To fix one end of their