Sonu Varghese
@sonusvarghese
Musings only. Chief Macro Strategist @CarsonGroupLLC. Advisory services through CWM, LLC, Registered Investment Advisor. Manage $7B+ for clients.
가입 February 2011
1.6K 팔로잉 중 15.1K 팬
The inflation problem captured neatly 👇
But how does it get better?!
Warsh said they’re removing a “dose of accommodation”, implying policy is still loose
Only 8/18 think 2 more hikes are coming over the next year
0/18 think more than 2 are needed
How is this not dovish?
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Leave out the biggest part of the upcoming BEA revision (port mgmt) & strip out all imputed prices, then look at the market-based core PCE less-hsng. Inflation has not been slowing as some have suggested, and there's quite a bit of wood to chop in 2027.
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