Samuel E. Rines is the Chief Economist at Avalon Advisors in Houston, TX.
The Fed has thrown a curveball in the form of altering its inflation mandate.
When dynamism decelerates, wage gains are likely to falter.
In the end, it is certain the United States will place tariffs on Chinese goods, and there will be retaliation.
In many ways, the steel and aluminum tariffs look more like a bargaining stick than true tariffs.
Growth in Europe is currently at the highest levels seen in recent memory, but inflation is not keeping pace.
The Fed appears willing to allow inflation pressures and growth to head higher without combating them with too many rate hikes.
The underlying U.S. economy is currently growing at a clip that will be difficult to sustain in the medium-term.
Underneath the surface of a surging U.S. labor market, there is a problem: retail employment.
And moderate oil prices are a good thing for the United States and global economy.
There is simply no escaping the wrath of Donald Trump's tax plan—if you are a member of the upper-middle class.
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