Economy

Fed Chairman Jerome Powell was interviewed on 60 Minutes yesterday. Here's the video: And, the transcript: Jerome Powell:…

Or was it? The January employment report was released on Friday. The 353,000 jobs added were almost double what…

It was a busy day (1/31/24) on the news front. The ADP Private Payrolls report came in below…

If this week's GDP report is any indication, it sure looks like it. GDP grew 3.3% in…

Retail sales rose 0.6% in December versus expectations of 0.4%. After adjusting for inflation, the gain was about…

The New York Fed released its Empire State Manufacturing Survey this morning, suffering the worst decline in its history excluding…

The latest Cass Freight Index is out today. The news is mixed. On a seasonally adjusted basis, volumes rose 2.…

I'd like a soft landing for the economy as much as anyone. However, I can't help…

It turns out that soft-landing narratives often precede recessions. So be warned, soft landings can sometimes end like this:…

Today's inflation report has something for everyone. Both headline and core CPI gain 0.3% in December. Headline…

It turns out that on a global basis, manufacturing has been contracting for fifteen months (as of 11/30/23)…

It looks like fourth-quarter GDP growth slowed markedly in the final quarter of 2023. Here is The Capital Spectator'…