The Fed Waffles

The Federal Reserve raised short-term interest rates by another quarter point on Wednesday.  That, by itself, was clear, with the […]

All Mixed Up

The Fed raised short-term rates by another 25 basis points (bp) today and made no changes to the expected peak […]

Retail Sales Feb 2023

Retail sales declined 0.4% in February (+0.1% including revisions to prior months), matching consensus expectations.  Retail sales are up 5.4% […]