When some powerful leaders of the Liberal Democratic Party (LDP) complain that the “First Arrow” of Abenomics (monetary ease and yen deprecation) is causing more harm than good, you know that the credibility of Abenomics has reached a turning point. And when this coincides with an indicator from the Cabinet Office that suggests the risk of an out-and-out recession following the April hike in the consumption tax, then you know that the bloom is really off the rose.
FMI’s commentary on the dueling Labor Market Conditions Indices released this week by the Federal Reserve and the Kansas City Fed.
FMI’s commentary on today’s FOMC meeting statement.
FMI’s commentary on possible changes to the FOMC’s forward guidance at this week’s meeting.
Yellen Refines Exit Strategy, ‘Go’ Date Still Data Dependent
FMI’s commentary on current and probable future dissents at the FOMC.
FMI’s commentary on the increasingly normal-looking economy and still-wildly abnormal Fed policy.