Archive for February, 2018

January 2018 – Monthly Commentary

February 23, 2018  |   Monthly Commentary   |     |   0 Comment

January 2018 The Federal Reserve, in managing the U.S. economy, is tasked with the dual mandate of ensuring full employment and stable inflation. The mandate is somewhat contradictory in that at full employment the tight labor force is likely to force wages higher which, in turn, risks pushing the overall level of inflation higher. That is, of course, if the numbers accurately reflect the actual rate of inflation, which we regularly argue is not ...