Rather than careening from disaster to disaster, we might just be having an economy for the time being. The pandemic showed clear deficiencies in capacity and capabilities across a range of sectors, most of which are taking steps to address those deficiencies now.
PPIs point to stabilization on the supply side.
This week saw a fair amount of Fedspeak, with committee members making it increasingly clear that the interesting arguments in the coming months will be over just how long “higher for longer” means.
Hard and Soft Data Are Converging On “Steady” --- Growth With Moderating Inflation Pressures --- Electrical Equipment Shortages Hit Three Year Mark --- Uncertainty Is Falling
