William J. Luther

Economics

When Will The Fed Cut Interest Rates?

The latest data from the Bureau of Labor Statistics confirm that the Federal Reserve has made a lot of progress…

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Economics

Termination Day at the Fed? Probably Not

President Trump is not happy with Federal Reserve Chair Jerome Powell. With the economy likely to slow under the weight…

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Economics

Inflation Remained Elevated in February

The professional forecasters were right: inflation remained elevated in February. The Personal Consumption Expenditures Price Index (PCEPI), which is the…

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Economics

The Tariff Trade-Off Many Economists Ignore

At its core, economics is about making choices. We face trade-offs. If you want more of this, you must give…

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Economics

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…

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Economics

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…

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Economics

December Inflation Meets Expectations

The latest inflation data from the Bureau of Economic Analysis largely confirm market expectations. The Personal Consumption Expenditures Price Index…

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Economics

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…

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Economics

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.…

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Economics

Fed Rate Cuts: Better Late than Never

"A 50 basis point cut in its federal funds rate target on Wednesday marks a reversal at the Fed." ~William…

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