Entries by William Luther

Is the Debt Ceiling Lunacy?

Estimated Reading Time: 5 minutes

The United States is bumping up against the debt ceiling once again. The Treasury department has begun taking extraordinary measures to ensure it can continue to service its debts on time. Secretary Yellen has said these measures should be sufficient until June. Some project they might work until August. Many pundits act as if there […]

When Did The Fed Change Its Tune?

Estimated Reading Time: 5 minutes

The Federal Reserve is finally taking a tougher stance on inflation. The Federal Open Market Committee (FOMC) raised its federal funds rate target by 50 basis points in May. It will likely raise its target by another 50 basis points when it meets in June—and then again in July. Fed Chair Jerome Powell has acknowledged there “could be some […]

Prices Continue to Rise, Exceeding Fed Projections

Estimated Reading Time: 2 minutes

New data from the Bureau of Economic Analysis shows that prices continue to rise at breakneck speed—and much faster than the Federal Reserve has projected. The Personal Consumption Expenditures Price Index (PCEPI), which is the Fed’s preferred measure, grew at a continuously compounding annual rate of 6.3 percent from March 2021 to March 2022, up […]

COPYRIGHT © 2023 PRICKLY PEAR COMMUNICATIONS, LLC. ALL RIGHTS RESERVED.