Kudlow’s Money Politics

Goldie’s Looking Good

Stocks surged higher for the third straight day as Fed rate hike concerns dissipated further. In fact, Fed funds futures contracts show no sign of a Fed move through mid-2008.

It’s a Goldilocks economy–not too hot, not too cold, and the stock market loves it.

For all the hand wringing over inflation, core prices are staying well contained. This is even more evident in the data for non-energy non-food commodity prices, which have dropped 0.7 percent from a year ago.

Inflation is contained, real growth is ramping up to a solid pace, and the Fed is out of the picture.

No wonder markets are happy.

Larry Kudlow — Larry Kudlow is the author of JFK and the Reagan Revolution: A Secret History of American Prosperity, written with Brian Domitrovic.

Most Popular

U.S.

The Media Fell for Elizabeth Warren’s Spin

Do you want to know what media bias looks like? Earlier today, Massachusetts senator Elizabeth Warren released DNA test results that confirmed that she misled employers, students, and the public about her Native American heritage for years. Bizarrely, all too many members of the media treated the results as ... Read More
Politics & Policy

The World Keeps Not Ending

We were not supposed to have made it this far. George Orwell saw night descending on us in 1984. Orwell was, on paper, a radical, but in his heart he was an old-fashioned English liberal. He dreamed of socialism but feared socialists. He feared them because he knew them. I was in the sixth grade in 1984, but I ... Read More