William J. Luther
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Is Inflation in 2024 Fueled by Supply or Demand?
Pandemics, storms, and supply chains gaps comprise just 8.3 percent of inflation since 2020. 90 percent is fueled by increased spending (demand).
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Inflation Back on Track in September
Inflation may have leveled off, but prices will stay high. Recent inflation transferred wealth from savers to borrowers.
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CBDCs Undermine Financial Privacy
“Financial privacy is very important for a free society. What we do reveals much more about who we are than what we say.” ~William J. Luther
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Inflation Remained Below Target in August
“More cuts are projected for 2025, but not enough to return the stance of monetary policy to neutral.” ~William J. Luther
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Fed Rate Cuts: Better Late than Never
“A 50 basis point cut in its federal funds rate target on Wednesday marks a reversal at the Fed.” ~William J. Luther
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Inflation Slightly Below Target in July
“The federal funds rate target range is likely to be at least a full percentage point lower by the end of the year. That would significantly reduce the distance the Fed needs to travel in order to return monetary policy to neutral.” ~William J. Luther
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Competing Narratives on Real Wages
“Democrats want to take credit for the higher real wages. Republicans want to deny that real wages are higher. Both are obscuring the facts.” ~William J. Luther
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Should the Fed Get Credit for Lower Inflation?
“Labor market developments cannot explain the decline in nominal spending growth. Tighter monetary policy can… Given the lags of monetary policy, the Fed may have already undershot its target.” ~William J. Luther
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•
Inflation Remained Low in June
“Despite the progress made on inflation over the last three months, and the risk of overtightening noted by Waller and Powell, the FOMC is unlikely to cut its federal funds rate target next week.” ~William J. Luther
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•
Inflation Continued to Decline in April
“While inflation is declining once more, members of the Federal Open Market Committee (FOMC) have suggested rates would need to remain high for longer than they had previously projected.” ~William J. Luther
-
•
Is Inflation in 2024 Fueled by Supply or Demand?
Pandemics, storms, and supply chains gaps comprise just 8.3 percent of inflation since 2020. 90 percent is fueled by increased spending (demand).
-
•
Inflation Back on Track in September
Inflation may have leveled off, but prices will stay high. Recent inflation transferred wealth from savers to borrowers.
-
•
CBDCs Undermine Financial Privacy
“Financial privacy is very important for a free society. What we do reveals much more about who we are than what we say.” ~William J. Luther
-
•
Inflation Remained Below Target in August
“More cuts are projected for 2025, but not enough to return the stance of monetary policy to neutral.” ~William J. Luther
-
•
Fed Rate Cuts: Better Late than Never
“A 50 basis point cut in its federal funds rate target on Wednesday marks a reversal at the Fed.” ~William J. Luther
-
•
Inflation Slightly Below Target in July
“The federal funds rate target range is likely to be at least a full percentage point lower by the end of the year. That would significantly reduce the distance the Fed needs to travel in order to return monetary policy to neutral.” ~William J. Luther
-
•
Competing Narratives on Real Wages
“Democrats want to take credit for the higher real wages. Republicans want to deny that real wages are higher. Both are obscuring the facts.” ~William J. Luther
-
•
Should the Fed Get Credit for Lower Inflation?
“Labor market developments cannot explain the decline in nominal spending growth. Tighter monetary policy can… Given the lags of monetary policy, the Fed may have already undershot its target.” ~William J. Luther
-
•
Inflation Remained Low in June
“Despite the progress made on inflation over the last three months, and the risk of overtightening noted by Waller and Powell, the FOMC is unlikely to cut its federal funds rate target next week.” ~William J. Luther
-
•
Inflation Continued to Decline in April
“While inflation is declining once more, members of the Federal Open Market Committee (FOMC) have suggested rates would need to remain high for longer than they had previously projected.” ~William J. Luther