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George Pearkes
@peark.es
Bluesky’s resident finance bro | Macro Strategist | Even the blind squirrel get a nut sometime. | QCR: Non Culto | American via Canada, not Scottish. *ALL CAPS HEADLINES LIKE THIS ARE FROM BLOOMBERG 📍 CLT
5.5k followers577 following15.1k posts
GPpeark.es

Notable: Bowman's dissent is the first by a governor (permanent FOMC voter appointed by the President, unlike regional Fed Presidents) since 2005. I'm sure it's just a coincidence she was a Trump appointee?

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OMorsonmcfeathers.bsky.social

We wanted Trump to get this rate cut credit

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GPpeark.es

Here's a snapshot of the SEP...some very big revisions up to the unemployment rate, down to inflation, and the aforementioned Fed Funds projections. Interestingly GDP forecast is little-changed!

Variable Median1 Central Tendency2 Range3 2024 2025 2026 2027 Longer run 2024 2025 2026 2027 Longer run 2024 2025 2026 2027 Longer run Change in real GDP 2.0 2.0 2.0 2.0 1.8 1.9–2.1 1.8–2.2 1.9–2.3 1.8–2.1 1.7–2.0 1.8–2.6 1.3–2.5 1.7–2.5 1.7–2.5 1.7–2.5 June projection 2.1 2.0 2.0 1.8 1.9–2.3 1.8–2.2 1.8–2.1 1.7–2.0 1.4–2.7 1.5–2.5 1.7–2.5 1.6–2.5 Unemployment rate 4.4 4.4 4.3 4.2 4.2 4.3–4.4 4.2–4.5 4.0–4.4 4.0–4.4 3.9–4.3 4.2–4.5 4.2–4.7 3.9–4.5 3.8–4.5 3.5–4.5 June projection 4.0 4.2 4.1 4.2 4.0–4.1 3.9–4.2 3.9–4.3 3.9–4.3 3.8–4.4 3.8–4.3 3.8–4.3 3.5–4.5 PCE inflation 2.3 2.1 2.0 2.0 2.0 2.2–2.4 2.1–2.2 2.0 2.0 2.0 2.1–2.7 2.1–2.4 2.0–2.2 2.0–2.1 2.0 June projection 2.6 2.3 2.0 2.0 2.5–2.9 2.2–2.4 2.0–2.1 2.0 2.5–3.0 2.2–2.5 2.0–2.3 2.0 Core PCE inflation4 2.6 2.2 2.0 2.0 2.6–2.7 2.1–2.3 2.0 2.0 2.4–2.9 2.1–2.5 2.0–2.2 2.0–2.2 June projection 2.8 2.3 2.0 2.8–3.0 2.3–2.4 2.0–2.1 2.7–3.2 2.2–2.6 2.0–2.3 Memo: Projected appropriate policy path Federa
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tenntux.bsky.social

😉

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CHspacewranglerca.bsky.social

It’s not discussed nearly enough that Bowman is significantly under qualified and too political to be a governor. After decades working in GOP politics, she briefly worked for her family’s bank before being appointed

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Kkimoco.bsky.social

Every single MAGA will vote against whatever the Democrats think is a good idea, even if the idea will mainly help Republicans. Totally useless in govt for anything except tearing it down.

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George Pearkes
@peark.es
Bluesky’s resident finance bro | Macro Strategist | Even the blind squirrel get a nut sometime. | QCR: Non Culto | American via Canada, not Scottish. *ALL CAPS HEADLINES LIKE THIS ARE FROM BLOOMBERG 📍 CLT
5.5k followers577 following15.1k posts
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