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Cake day: July 1st, 2023

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  • I could have sworn that this was the version I read, but they may have deleted it and posted a different article on the same topic.

    We did it, y’all! Get the Champagne on ice and gather the townsfolk because America hath slain the beast known as inflation. (Or, at least, it’s hit a turning point.)

    Huzzah! Maximum employment and price stability? Let’s party.

    But wait — what’s that I hear? Not the riotous cheers of American consumers dancing in the streets. Not a chorus of workers singing about the strongest labor market of their lifetimes, and no — I can’t even pick up on the sound of what I’m sure is an army of economists demanding sainthood for Jay Powell. Instead, the single best economic news of the past decade is but a murmur of chit-chat, barely audible against a clamor of politicos shouting about President Joe Biden’s age.

    https://finance.yahoo.com/news/might-just-missed-earth-shattering-095630768.html