Charts of the Month - September '23
The Big 7 vs. The Old Guard, The U.S. Consumer - Not Dead Yet, and The Dirtiest Cities in the World
How can monetary policy help solve the problem of higher input prices? It can't.
Some hawkish action lately that’s important to flag: The Fed, as expected, announced on Wednesday that it will begin tapering (i.e. start scaling back) its $120 billion monthly bond-buying program by $15 billion in November and another $15 billion in December. The Fed will target to end the overall monthly purchases by June 2022.
This has led to noticeable price action: