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Michael Ashton

  • Analysis & Comment

Michael Ashton's Comment & Analysis
A complete archive of Michael Ashton's articles, including current analysis & comment - Page 10

Money illusion has made the energy spike look worse than it is The CPI report is this week; Will median show any sign of peaking? Wages do not appear to be slowing at all. Last week, I mused about...
Weekly Inflation Outlook: What Labels Matter
By Michael Ashton - Aug 01, 2022
The debate over whether we are in a recession is not material to monetary policy or market action. Another term that is broadly agreed upon, but even less useful, is the Non-Accelerating Inflation...
Higher mortgage rates historically associated with higher house price growth Buying a real asset with levered, tax-advantage loans is still a good idea  This week we will see an acceleration in...
Even The Inflation Guy Is Scared
By Michael Ashton - Jul 18, 2022
Inflation reached a new high in surprising report More inflation momentum than previously thought Wages also accelerated to a new high Maybe the US Federal Reserve isn’t being panicky, or...
This week’s CPI report may see another “peak” in CPI. That’s actually the good news The bad news is that due to easy comparisons, further peaks may be ahead – even in...
This article was written exclusively for Investing.comChairman Powell was again on the tape this week, speaking at an ECB Forum in Sintra, Portugal. It must be nice to have such a plump travel budget...
This article was written exclusively for Investing.comAs theater goes, the semiannual Monetary Policy Report to Congress (MPC) testimony is pretty thin gruel. But beggars can’t be choosers and,...
Weekly Inflation Outlook: Incompetent Or Worse?
By Michael Ashton - Jun 20, 2022
This article was written exclusively for Investing.comThe Federal Reserve delivered an aggressive rate hike last week, bumping up overnight rates by 75bps just a few weeks after Chairman Powell had...
One Fed Experiment Ends And Another Begins
By Michael Ashton - Jun 16, 2022
Yesterday the Federal Reserve hiked rates 75bps, the biggest single-meeting increase since 1994. Two days ago, the markets had incorporated an expectation for 50bps.After a well-placed Wall Street...
This article was written exclusively for Investing.comAnd here, we all thought that CPI was at least at a local peak. The interbank market, prior to Friday’s report, was already trading forward...