Money versus Monetary Policy

Key Events This Week: CPI, PCE, Durable, FOMC Minutes And More In addition to Iran war developments, this week’s economic calendar will focus on the inflation side of the Fed’s dual mandate following a solid March employment report. The key data releases this week are the February durable goods report on Tuesday, the February PCE report on Thursday, and the March CPI report on Friday. Fed Vice Chair Philip Jefferson will deliver a speech on the economic outlook on Tuesday. The minutes to the FOMC’s March meeting will be released on...

Iranian Foreign Minister Abbas Araghchi said on Sunday that he still believes there’s a “good chance” for a deal with the US despite the Trump administration’s threats of attacking the Islamic Republic amid a major US military buildup in the region. Araghchi was asked by CBS News host Margaret Brennan if he expected the US […]

The Iranian Red Crescent Society (IRCS) said on Tuesday that US and Israeli strikes have damaged or destroyed more than 82,000 “civilian units” in Iran since the war was launched on February 28. The IRCS said the targets hit included 62,440 residential units, 19,187 commercial buildings, 481 schools, 281 medical facilities, and 17 IRCS centers. […]