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Labor Market Linchpin
It's the first week of the month and you know what that means: A full data docket in the US.
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YTD FY 2025 (October 1, 2024-April 30, 2025), the Federal Government has reported revenues of $3.1T and spent $4.2T (including interest). Maybe the US economy/people now assume that the Federal government will continue to spend more than it takes in.
I am curious how long it might take the high ISM price gauges to filter into the PCE / CPI numbers that have normalized over the past few months?