Mark Spindel
@PotomacRC
CIO ➡️ Potomac River Capital … and CoAuthor (w/@bindersab): http://press.princeton.edu/titles/11123.html
ustreasuryetf.com/etf/rbil/ @fminvestllc 👀 #inflation
Investors seek protection from risk of Fed chief's ouster reut.rs/44IgaWB
Economists who translate the CPI and PPI into the PCE expect a third consecutive cool monthly core inflation reading in May Core PCE estimate: +0.15% (May 2024 was even lower, so this would lift the y/y to 2.6%) Headline PCE: +0.12% (y/y rises to 2.3% due to base effects)
Economists who translate the CPI and PPI into the PCE expect a third consecutive cool monthly core inflation reading in May Core PCE estimate: +0.15% (May 2024 was even lower, so this would lift the y/y to 2.6%) Headline PCE: +0.12% (y/y rises to 2.3% due to base effects)
Public pensions increasingly allocate capital to private equity, regardless of party control, even in states with strong unions. The interdependence of public pensions and private equity connects the fates of governments, public employees, the economy, and Wall Street in ways few…
Public pensions increasingly allocate capital to private equity, regardless of party control, even in states with strong unions. The interdependence of public pensions and private equity connects the fates of governments, public employees, the economy, and Wall Street in ways few…
You have to do everything in life twice. nytimes.com/2025/05/10/bus…
Cleveland Fed President Beth Hammack says she’s hearing from firms that aren’t sure how much tariffs will go up, so they are beginning to implement a sequence of rolling price hikes to avoid a larger, one time increase in prices. Some firms that haven’t faced tariffs are also…
Defenders of "Fed independence" have, for now, deterred Trump from firing Jay Powell. But Fed independence remains contingent & fragile. New @goodauth post w/@PotomacRC on legal, political & historical forces that imperfectly insulate the Fed from politics goodauthority.org/news/federal-r…
“You are in the position of being able to blame us if it goes wrong.”
Food At Home Prices
Trump says the Fed chair is a “major loser” in his latest social media post demanding an interest rate cut
Keep in mind: Federal Reserve Act dictates "for cause" removal protection for Fed governors. When lawmakers amended the act in 1977 (for the first time requiring Senate confirmation of governor *as chair*), they did not write in for cause protection for Fed chairs or VCs.
Anyone know the @MITEcon paper @SecScottBessent is citing 👇🏻
The data is on our side. President Trump's plan will reindustrialize the United States, revitalize the private sector and raise wages for hardworking Americans.
If you thought Trump roughed up the Fed in Season 1, say @bindersab and @PotomacRC, just wait for Season 2 trib.al/dDj4VIr
