First I thought "transitory" would be the buzzy word in Chicago Fed's Goolsbee's interview. Now I think it will be the "holding rates steady as inflation rise is like a cut." The state of current macroeconomic monetary policy.

As I reported on my YouTube channel back in July:

Discover if waiting to 70 for Social Security still works for couples in 2025! As Marie prepares for Medicare, I revisit the decision using free https://t.co/aP1FCVRtoi calculator by Mike Piper. Watch here: https://t.co/4fTF27xcxC

Discover if waiting to 70 for Social Security still works for couples in 2025! As Marie prepares for Medicare, I revisit the decision using free https://t.co/aP1FCVRtoi calculator by Mike Piper. Watch here: https://t.co/4fTF27xcxC

Social Security Update: Does Waiting for 70 Still Work Best? https://t.co/4fTF27xKna

UMich consumer sentiment data was slightly below expectations, with the deviation coming mainly from the “current conditions” component, while inflation expectations held steady at 4.7% for the short term and 3.7% for the longer term. Political affiliation once again shaped

Yet, look how much space between inflation readings and the Fed Funds target range. Far above the rule of thumb of about a half a point. Are we restrictive or accommodative?

PCE numbers were in line with expectations so nothing to see here. Except that they are leveling up to a point above the official inflation target.

PCE price indices come in as expected: Overall 0.3% m/m and 2.7% yr/yr. Core 0.2% m/m and 2.9% yr/yr. Although in line with expectations - inflation is still well above the Fed's 2% target.

August PCE #inflation +2.7% year/year vs. +2.7% est. & +2.6% prior … core PCE +2.9% vs. +2.9% est. & +2.9% prior

This morning's US economic data confirms a strong economy, with the Federal Reserve's preferred inflation gauge (PCE) settling near 3%. Specifically, the latest income and spending figures came in stronger than expected, while the inflation readings were in line with consensus.

I read the amicus after the link was fixed. There is not much there there. The issue is whether the independent central bank also requires governors who are above reproach. And whether that is sufficient cause.

In fact, in my three-bucket retirement, I use 5-year TIPS held to maturity for a portion of my Bucket Two, but long-term, the best defense against inflation is Equity! What does @TipsWatch think of this study?

Farewell, my friend. You made a difference in this world.

Clements kept writing about personal finance right to the end, giving advice on preparing one’s affairs before death https://t.co/TvjAsF0DWg via @jasonzweigwsj

Grok just confirmed that blocked FGs are rare. We just saw Eagles win with one, Fox Sports cuts to Jets-Bucs, which is decided by a --- blocked FG! What a Sunday afternoon in the NFL!

That was unbelievable!

BofA: “Naming the 2025 dots” after the Sept FOMC meeting Hammack the hawk, Miran the crowned pigeon

This week's video looks at the FOMC's latest SEP Dot Plot and wonders what would have happened if they had continued rate cuts throughout 2025? See the video: https://t.co/L9wDGxVTdG