Slower, not Lower: Inflation may be slowing but it’s still moving forward. Dr. Brian Wesbury looks at the money supply increase due to the pandemic and concludes that “huge increase is still wending its way into the economy, and it would be crazy to try to take all that money back out. That would cause a massive deflationary problem. As a result, the general price level is permanently higher than the path it was on pre-COVID. “We’re not done with inflation. Check out his thoughts on Disinflation, Not Deflation. Check out his weekly Three on Thursday post about the S&P 500 Index, the benchmark you may be using to assess your 401K performance.
Interest Rates Dropping: ITR Economics’ Brian Beaulieu has a few thoughts on the matter. Check out his blog post Interest Rate Decline in 2024 and his weekly Fedwatch Video.
