Joe CarsonAug 22, 2023Inflation-Averaging Framework? Has The Fed Moved the Inflation Goalposts? Has the Federal Reserve abandoned the inflation-averaging target framework it adopted in 2020 and, in doing so, "unofficially" moved the...
Joe CarsonAug 17, 2023"Are We There Yet?" GDPNow For Q3 Tells Policymakers Official Rates Need To Go HigherAre we there yet? Incoming information on the economy tells policymakers they have not achieved economic conditions (below-trend growth...
Joe CarsonAug 1, 2023Nonfinancial Corporate Business: Nearly 100% of Revenue Growth in Early 2023 Driven By Price
Joe CarsonJul 27, 2023Does The Fed Staff Believe In Its Research? One of the more interesting takeaways from the Fed Chair Powell press conference is that the Fed staff no longer predicts or expects a...
Joe CarsonJul 21, 2023CPI Debate: Should Housing Costs Be Based On A "Fake" Price or "Actual" Price? The July 12, 2023, WSJ article, " Measure It Differently, And Inflation Is Behind Us," triggered a lively debate on housing costs in the...