Central Banking
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Rate of Inflation Cools in July, Case for Rate Cuts Builds
Core inflation rose only modestly, thanks to lower energy costs. Paired with weak job gains, the price trend adds pressure on the Fed to cut rates in September.
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AIER’s Everyday Price Index Notches a Slight 0.10% Gain in July 2025
After a third delay of China tariffs, rising prices, delayed policy effects, and a weakening job market make the Fed’s path to rate cuts uncertain.
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Trump’s 39% Tariff on Gold: Revenue Grab or Prelude to Revaluation?
The new levy rattled global markets, but that may be just the beginning. History teaches us to be wary when the government targets gold.
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Fed Governor’s Labor Market Warning Validated by BLS Revision
The Fed waited for labor market softening to cut rates. Do BLS data reveal monetary policy is already too tight?
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No Return to the Old Balance Sheet, Fed’s Waller Says
One board member believes a larger balance sheet improves our systemic stability. How much is beyond the Fed’s control?
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Inflation Picked Up in June, as Tariffs Pass Through
June’s uptick is attributable to tariffs on foreign-made goods. The rate of inflation will stabilize, but higher prices are here to stay.
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Fed Holds Rates Steady Amid Political Pressure
The Federal Open Market Committee resisted calls from President Trump and others to cut rates, apparently satisfied with employment levels and the pace of growth.
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Are Tariffs Really Inflationary?
Tariffs can be inflationary if they reduce real economic output, but the size of the effect matters.
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How Should Fed Officials Think About the Dual Mandate?
The Fed is tasked with both price stability and maximum employment. But any significant shift in one may create steep costs in the other.
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There’s a New Sheriff at the Fed
Michelle Bowman’s remarks offer a clear vision for a more focused, flexible, and transparent regulatory regime. It’s a welcome recalibration.
-
•
Rate of Inflation Cools in July, Case for Rate Cuts Builds
Core inflation rose only modestly, thanks to lower energy costs. Paired with weak job gains, the price trend adds pressure on the Fed to cut rates in September.
-
•
AIER’s Everyday Price Index Notches a Slight 0.10% Gain in July 2025
After a third delay of China tariffs, rising prices, delayed policy effects, and a weakening job market make the Fed’s path to rate cuts uncertain.
-
•
Trump’s 39% Tariff on Gold: Revenue Grab or Prelude to Revaluation?
The new levy rattled global markets, but that may be just the beginning. History teaches us to be wary when the government targets gold.
-
•
Fed Governor’s Labor Market Warning Validated by BLS Revision
The Fed waited for labor market softening to cut rates. Do BLS data reveal monetary policy is already too tight?
-
•
No Return to the Old Balance Sheet, Fed’s Waller Says
One board member believes a larger balance sheet improves our systemic stability. How much is beyond the Fed’s control?
-
•
Inflation Picked Up in June, as Tariffs Pass Through
June’s uptick is attributable to tariffs on foreign-made goods. The rate of inflation will stabilize, but higher prices are here to stay.
-
•
Fed Holds Rates Steady Amid Political Pressure
The Federal Open Market Committee resisted calls from President Trump and others to cut rates, apparently satisfied with employment levels and the pace of growth.
-
•
Are Tariffs Really Inflationary?
Tariffs can be inflationary if they reduce real economic output, but the size of the effect matters.
-
•
How Should Fed Officials Think About the Dual Mandate?
The Fed is tasked with both price stability and maximum employment. But any significant shift in one may create steep costs in the other.
-
•
There’s a New Sheriff at the Fed
Michelle Bowman’s remarks offer a clear vision for a more focused, flexible, and transparent regulatory regime. It’s a welcome recalibration.