Prices continued to rise at an uncomfortably fast pace in February—fast enough to. That annualizes to a 4.1 percent gain, far higher than the two percent the Fed targets.
said the February PCE data was “pretty much in line with expectations.” This was a funny way of putting it because Powell appeared to leak the Fed’s expectations at last week’s press conference. So, the market’s expectations were shaped, in part, by Powell telling us in advance where PCE appeared to be headed.
Last year’s were. Unless we see inflation readings falling back to below 0.2 percent and closer to 0.1 percent each month, the Fed is not going to cut.in Baltimore is going to take a lot longer than many people initially thought—and cost a lot more money. A big driver of the increased cost in construction is what the authors of the Brookings study call “citizen voice.” Starting in the 1960s, the ambitious projects of planning czars such as Robert Moses wereaimed at protecting worker safety, the environment, community needs, endangered species, and a vast array of other interests.
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