William J. Luther
Did Inflation Really Elect Trump? The Case for a Deeper Economic Frustration
When asked why Donald Trump won the presidency last November, most people point to inflation. That’s understandable. Prices soared under the Biden administration. In the run up to the election, […]
Inflation Picked Up in January, Latest BEA Data Show
Federal Reserve officials have warned that the disinflation process would be uneven. The latest data from the Bureau of Economic Analysis (BEA) confirms as much. The Personal Consumption Expenditures Price […]
December Inflation Meets Expectations
The latest inflation data from the Bureau of Economic Analysis largely confirm market expectations. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, […]
December Inflation Meets Expectations
The latest inflation data from the Bureau of Economic Analysis largely confirm market expectations. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, […]
The Fed Pushes Pause
The Federal Open Market Committee announced on Wednesday it would hold its federal funds rate target at 4.25 to 4.5 percent, ending the three-meeting rate-cut streak that began in September […]
Is Inflation in 2024 Fueled by Supply or Demand?
Inflation picked up in October, but remains more or less on track. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, grew at […]
Inflation Back on Track in September
After dipping well below the Federal Reserve’s 2-percent target in August, inflation now appears to be back on track. The Bureau of Economic Analysis (BEA) reports that the Personal Consumption […]
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
CBDCs Undermine Financial Privacy
Artist’s concept of a central bank digital currency. When it comes to designing digital currencies that protect the identity and transactions data of their users, developers have made a lot […]
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
