April 19 (Tuesday)
Latest Morning Briefing Executive Summary: How Will the Fed Stop The Wage-Price Spiral?
Can the Fed pull it off? Can it surgically subdue inflation without inflicting much collateral damage on the US economy? The now unanimously hawkish FOMC intends to try. Their current game plan seems to anticipate five increases of 50bps each, possibly at the next five FOMC meetings. … Meanwhile, we are on the lookout for signs of peaks in the latest inflation indicators; used car and truck prices are the first. … Rent and wages, on the other hand, are spinning upward along with prices in a mutually reinforcing spiral—calling into question the Fed’s optimism. … Also: A look at the causation loop between inflation and fiscal policy. … Movie review: “Super Pumped: The Battle for Uber” (+ + +).
(subscribers’ link)
YRI
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing.
Replay of Dr. Ed’s webinar on April 18.
Markets
Stocks waver on Monday as a big week for earnings gets underway, rates rise | C
Price of corn hits 9-year high as surge in commodities continues | C
Natural gas surges to highest level since 2008 as Russia’s war upends energy markets | C
Central banks
Hot Economy, Rising Inflation: The Fed Has Never Successfully Fixed a Problem Like This | W
Global
World Bank Cuts 2022 Global Growth Outlook on Russia’s Invasion of Ukraine | B
Treasury Secretary to meet with top finance ministers to address global food crisis | C
The taxman cometh… for the internet | The Hill
US
Fears of recession are everywhere — except the White House | P
Small Businesses Object to Rerouting of Covid-19 Aid | W
Homebuyers Discouraged by Rising Mortgage Rates, Prices, N.Y. Fed Survey Finds | B
Homeowner Groups Seek to Stop Investors From Buying Houses to Rent | W
Is College Worth It: Most Graduates Work in Other Fields | B
China
China’s Economy Grew 4.8% in First Quarter, Beating Expectations | W
China’s Covid-19 Restrictions Threaten Economic Recovery | W
Industries & companies
Autos: Rivian CEO on growth, Amazon vans, SPAC bubble and lower-priced EVs | C
Homebuilder: Homebuilder sentiment drops for fourth straight month | C
Retail: Apple retail union organizers want to be paid at least $30 per hour | C
Geopolitics & trade
In Ukraine’s South, Russian Occupiers Tighten the Screws | W
Russia Has Found No Place Yet to Invest Reserves After Sanctions | B
Corporate finance & crypto
Musk: Twitter board will be paid nothing if he acquires the company | C
Cutting-Edge Crypto Coins Tout Stability. Critics Call Them Dangerous. | W
Climate
European Green Energy Firms Often Fall Short on Financing | N
Virus
BA.2 Proves the Pandemic Isn’t Over, but People Are Over It | W
Florida judge overturns CDC mask mandate for planes and public transit | C
Leaving Covid safety to personal choice will ‘come back to bite us,’ ex-Obama health official says | C
