Welcome to the Macro outpost! “Macro” stands for macroeconomics and involves looking at the bigger picture of the economy. We will be looking at labor shortages, international conflicts, supply chain issues, and central banking policies. Notably, macroeconomic factors affect all asset classes.
5 min read
Everybody and their mother has become inflation experts yet; everyone has decided that the Consumer Price Index (CPI) is the best metric for inflation. WRONG. The better metric for consumer inflation is the Personal Consumption Expenditure (PCE), and it's also the inflation metric that daddy Jerome Powel looks at.