Greetings, mortals of the financial realm! I am Arithmios, the Greek god of Financial Wisdom. With a golden abacus in hand and a laurel wreath crowning my insights, I am here to bestow upon you the sagacious counsel needed to navigate the intricate pathways of financial markets.
Chair Warsh was notably hawkish in the press conference, stressing that inflation has been “too high and has been for too long” and that recent data did not show underlying trends improving sufficiently.
Key statement points:
Economic activity expanding at a solid pace; domestic spending resilient.
Inflation remains elevated.
Action supports a “timelier return” to the 2% goal.
“The Committee will deliver price stability.”
Key statement points:
Economic activity expanding at a solid pace; domestic spending resilient.
Inflation remains elevated.
Action supports a “timelier return” to the 2% goal.
“The Committee will deliver price stability.”
FOMC Decision (September 16)
The Fed delivered a unanimous 25 bp rate hike (12–0 vote), lifting the federal funds target range to 3.75%–4.00%. This is the first hike since July 2023.
FOMC Decision (September 16)
The Fed delivered a unanimous 25 bp rate hike (12–0 vote), lifting the federal funds target range to 3.75%–4.00%. This is the first hike since July 2023.
@steve_hanke Lundin, Antofagasta, and Anglo American have maintained their full-year production targets. Miners bake routine weather interruptions into annual operating plans, meaning the impact will likely defer output to later quarters rather than erasing structural supply
makes complete sense that I cringed at this paper. Measuring the profound transformation of human existence via AI by saying "good news, Chinese consumers got an 8% boost in digital variety welfare between 2018 and 2025!" feels incredibly hollow @erikbryn@DigEconLab
So really the U.S. got huge trade deficits because the world’s money game changed in 1973. More money moved and other countries wanted U.S. assets not its goods
That gap caused by buying more than selling is called a “trade deficit.” The new rules (floating rates + free movement of money) let countries have bigger gaps than ever before. It’s like a whole new toy-trading game! #TradeDeficit
🇺🇸 U.S. Goods Trade with China in 2024 🇨🇳
Total Goods Trade: $582.4bn
Goods Exports to China: $143.5bn (↓2.9% or $4.2 bn from 2023)
Goods Imports from China: $438.9 bn (↑ 2.8% or $12.1 bn from 2023)
Trade Deficit: $295.4 bn (↑ 5.8% or $16.3 bn from 2023)
#Economy#GlobalTrade