This will be the last of the Coronavirus Update videos, at least for the foreseeable future. There will be one more written update, which will be posted on the blog on June 25.
News
Monday Update: Consumer Prices Rise by More Than Expected
Last week saw a number of important economic updates, with a focus on April’s international trade report, May’s consumer inflation report, and the preliminary estimate of the University of Michigan consumer sentiment report for June. Consumer inflation came in above economist estimates, but the markets largely shrugged off the news. This week will be another busy one, with updates on May’s retail sales, industrial production, and new home construction serving as potential highlights.
Will the Fed Sit Tight—or Tighten Policy?
The regular meeting of the Fed starts today. Tomorrow, the Fed will issue a press release, describing any actions it decides to take, and hold a press conference where the chair, Jerome Powell, will take questions.
Appearance on Nasdaq’s TradeTalks, June 15, 2021 [Video]
Yesterday I appeared on Nasdaq’s TradeTalks to discuss economic risks, the impact of inflation on the markets, and more. Watch the full segment.
The Dollar (Still) Isn’t Collapsing
The strength (or lack thereof) of the dollar is a perennial topic here on the blog. Looking at the past several years, I see “U.S. Dollar Still Failing to Collapse” (November 2015), “Should You Be Worried About the Strong Dollar?” (December 2016), and, after a bit of a hiatus, “The Dollar Is Not Collapsing” (July 2020). There are many other versions, of course. (Notably, I did a whole series on money and the dollar back in 2013.) But the message has consistently been this: exchange rates bounce up and down, but there is no reason to worry.
Did the Fed Do a U-Turn?
Yesterday, the Fed concluded its regular meeting and came out with the following shocking news: it might start to raise rates in the next two and a half years, instead of the next three years. Markets dropped, interest rates rose, and headlines highlighted the shift in Fed thinking. What’s behind this apparent change in plans? Let’s start by taking a look at what didn’t happen.
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Ashley has been working in the customer service field since she started her first job at age 16. For the past ten years she worked in an office setting handling accounts payable and receivable as well as some receptionist work. She is very excited to learn more about the investment field.
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