Sign in Subscribe

๐Ÿ“ˆ Macroeconomics

Federal Reserve Alert! Governor Lisa Cook: "Your generation has seen two once-in-a-century economic events within two decades. Your economic experiences are different from anyone else's. That insight and understanding will be critical to policymakers."

Lisa Cook: "Your generation has seen two once-in-a-century economic events within two decades. Your economic experiences are different from anyone else's. That insight and understanding will be critical to policymakers. The economics profession needs your perspective" Governor Lisa D. Cook At "Exploring Careers in Economics,
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

FDIC Alert! FDIC announced the framework of a marketing process for the approximately $60 billion loan portfolio retained in receivership following the failure of Signature Bank, New York, New York.

This sale will go towards paying back the Feds "Other credit extensions" ($180.1 billion as of 3/29). Source: https://www.fdic.gov/news/press-releases/2023/pr23026.html The Federal Deposit Insurance Corporation (FDIC) today announced the framework of a marketing process for the approximately $60 billion
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Inflation Alert! Fed Governor Lisa Cook: "the inflation picture is less favorable than it appeared earlier this year. Part of the encouraging disinflation initially observed in the fourth quarter of last year was revised away..."

Lisa Cook: "the inflation picture is less favorable than it appeared earlier this year. Part of the encouraging disinflation initially observed in the fourth quarter of last year was revised away, while inflation over the first two months of this year came in high." Source: https://www.federalreserve.
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Fed Report: "Despite generally strong conditions, Council members reported stark differences in economic impact between the โ€œhavesโ€ and the โ€œhave nots.โ€"

"Wealthier parts of their markets are not yet slowed by inflationary pressures, while lower-income households are feeling the squeeze." Source: https://www.federalreserve.gov/aboutthefed/files/CDIAC-meeting-20221117.pdf Community Depository Institutions Advisory Council: The Community Depository Institutions Advisory Council (CDIAC) was established in 2010 by the Board of
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Inflation Alert! The Fedโ€™s Preferred inflation metric dropped a little. However, PCE Price Index for services rose 5.7%. Remember, Nearly 2/3 of consumer spending goes into services!

While Corporate Media will trumpet the decline in goods prices, inflation is RAGING and showing no signs of slowing. Before we get into the number, Governor Philip N. Jefferson's recent speech does a pretty good job level setting PCE price index for those wondering what it is: Different
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Federal Reserve Alert! Governor Christopher J. Waller in speech 'The Unstable Phillips Curve': "When Central Bank promises are credible, the Phillips curve should be relatively flat. Since January 2022, the Phillips curve is essentially vertical."

Good evening and Happy Friday Superstonk, resident jellyfish back with this interesting nugget. Let's get to it! Federal Reserve Governor Christopher J. Waller At the Macroeconomics and Monetary Policy, a conference sponsored by the Federal Reserve Bank of San Francisco, San Francisco, California Source: https://www.federalreserve.gov/
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics