by SilverBoatSurfer
If you want to trigger an interesting discussion among economists, just ask how much of the fall in the 10-year break-even (to a 2022 low) is a function of
(i) the #Fed's newly-found #inflation-fighting appetite; and
(ii) the growing concern in #markets about a recession#economy pic.twitter.com/8dD8ES9OAp— Mohamed A. El-Erian (@elerianm) July 1, 2022
PERSONAL INCOME & SPENDING DEEP DIVE
1/ Income and spending are two sides of the same coin, with one person’s spending powering another person’s income.This relationship isn’t necessarily 1:1, as consumers can save income. Nonetheless, the pass-through is large: pic.twitter.com/VE6wQ0Lfof
— Prometheus Research (@prometheusmacro) June 30, 2022
Seems fine pic.twitter.com/YUosGenPmq
— Markets & Mayhem (@Mayhem4Markets) July 1, 2022
Federal Reserve Alert! Atlanta Fed lowers its second-quarter GDP estimate to minus 1%, down from +0.3% on Monday
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