Politico, which leans left, but doesn't lie much, writes the following about the upcoming news of our economy, all in the next week (emphases added).
Consumer confidence numbers (which currently stink) hit on Tuesday. A Federal Reserve meeting and decision on interest rates, coupled with a press conference from Fed Chair Jerome Powell, follows up on Wednesday.The first reading on second quarter economic growth drops on Thursday. And the latest numbers on our vexing run of historically high consumer price inflation close out the monster run of data on Friday. In a note to clients today, analysts at Deutsche Bank suggested the flood of information will “leave you breathless.”
It is likely to be mostly bad news for the beleaguered Biden administration while providing talking points for Republicans running in November. The folks who bragged Nobel economist Milton Friedman was no longer running the show have demonstrated their ignorance.
The results of which ignorance we now get to 'enjoy.' Meanwhile Kipling's Gods of the Copybook Headings smile knowingly.
