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Showing posts with the label CPI Inflation

Kevin Stefanski gives up Browns play-calling duties

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  Kevin Stefanski Hands Over Browns Play-Calling Duties to Offensive Coordinator Ken Dorsey: A New Era for Cleveland’s Offense In a significant shift for the Cleveland Browns, head coach Kevin Stefanski has decided to relinquish his play-calling responsibilities, passing them on to recently hired offensive coordinator Ken Dorsey. This move marks a pivotal moment in the evolution of the Browns’ offense, signaling Stefanski’s willingness to adapt in hopes of igniting the team's underwhelming performance on that side of the ball. The Decision to Step Back Since taking over as head coach in 2020, Stefanski has called offensive plays for the Browns. Under his leadership, Cleveland’s offense initially flourished, particularly during the 2020 season when the team made a rare playoff appearance, defeating the Pittsburgh Steelers in the Wild Card round. Stefanski's offensive schemes, emphasizing a run-heavy attack and play-action passes, played a key role in maximizing the talents of qu...
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CPI Inflation Figures Are High, But Fed Still Likely To Raise Interest Rates

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    T he consumer price index increased at a 0.2% monthly rate for June. The increase was the same for both the headline rate, and for core inflation, which excludes food and energy. That’s the smallest monthly increase since August 2021, and headline inflation rose at 3%. However, the Federal Reserve is still likely to argue core inflation rising at a 4.8% annual rate is well above its 2% inflation goal and raise interest rates in July as a result. Shelter Costs Coming Down Perhaps the most encouraging aspect of the June CPI report was shelter costs rising at a lower rate (0.4%) than in many prior months. That’s still high but it shows that shelter costs in the CPI may be starting to mirror the cooling home prices that we’ve seen in industry data. The lag is not unexpected because the CPI uses a panel approach to measure housing costs that introduces a lag to current pricing, of six months or so. Still, shelter costs will likely need to come down further for the Fed to be sat...
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