Fed Gets Its Wish: Inflation Below The Funds Rate… & Final Sales Too!

Authored by Steven Blitz via TS Lombard, Most important takeaway from Q4 GDP data is that short rates are finally above inflation and nominal growth for final sales of domestic product. “Tight” is a matter of opinion, but monetary policy is no longer “easy” and now getting “tighter” — growth and inflation decelerated through the […] Source