Inflation/Deflation
In its budget plans last week, the Indian fiscal authorities announced major tax cuts for households – the equivalent of about US$12 billion, 0.3% of GDP – to boost consumer spending. Soon thereafter, the central bank cut its policy rates by 25 bps – for the first time in five years. Can these…
Some thoughts on this morning’s CPI report and its implications for the Fed and Treasury yields.
Some thoughts on this morning's employment data and Treasury Secretary Bessent's recent attempts to talk down the 10-year Treasury yield.