With Inflation All But Vanquished, Continued Tight Monetary Policy Is Negatively Impacting The Real Economy
By Despite the Fed reiterating its “higher for longer” mantra and softness creeping into the U.S. macroeconomic data, equity markets shook off the April jitters. Nasdaq turned in a +1.1% gain on the week (ending May 10th), with the S&P 500 (+1.85%) and DJIA (+2.16%) showing even higher gains.Rent Inflation: Survey vs Rent RollUniversal Value…