Attention Economy


Tuesday, May 2, 2023

The Federal Reserve in a Policy Bind

Why Is Inflation So Sticky? It Could Be Corporate Profits
https://www.wsj.com/articles/why-is-inflation-so-sticky-it-could-be-corporate-profits-b78d90b7
 
What a Fed Debate 17 Years Ago Reveals About Its Rate Deliberations Now
https://www.wsj.com/articles/what-a-fed-debate-17-years-ago-reveals-about-its-rate-deliberations-now-4835936
 
Fed’s Rate Increases Slow U.S. Factories, but Plants Keep Workers
https://www.wsj.com/articles/pro-take-feds-rate-increases-slow-u-s-factories-but-plants-keep-workers-b014c52a
 
What does First Republic Bank’s failure mean for the economy?
https://www.washingtonpost.com/business/2023/05/01/firstrepublic-fdic-jpmorgan/
 
As Fed examines banking woes, small businesses already feel the crunch
https://www.washingtonpost.com/business/2023/05/02/banking-credit-fed/ 

The Building Boom Is Prolonging Market Pain
Construction employment is higher than ever—undermining bets the Fed will soon pivot
https://www.wsj.com/articles/the-building-boom-is-prolonging-market-pain-b224eb74
 
Stock Market Calm Rekindles Debate Over Fed Tightening
https://www.wsj.com/articles/stock-market-calm-rekindles-debate-over-fed-tightening-47c6a3de
The Federal Reserve’s balance sheet might be insulating Wall Street from the effects of interest-rate policy