Inflation Heated Up in January, Freezing the Fed

“Inflation has now been around these rates for some time and clearly isn’t coming down decisively any more,” said Paul Ashworth, chief North America economist at Capital Economics.

Money market mutual funds “are increasingly a financial black hole where liquidity goes to die,” and that’s bad for the U.S. economy, Paul Ashworth, the chief North America economist at Capital...

That last bit is what worries Paul Ashworth of Capital Economics. He wrote in a Friday note: "there is a growing downside risk that the stresses on small banks and commercial real estate develop into...