The 2026 expansion across America’s formerly beset manufacturing sector broadened meaningfully in July, the first
Category: economy
Summer Jobs
It’s jobs week in America. Who’s excited?! Nobody. Nobody’s excited. Because it’s the first week
Weekly: Warsh’s Instant Credibility Crisis
What’d we learn this week? Three things, I reckon. First, we learned markets don’t necessarily
Old, Good News
Underlying price growth on the Fed’s preferred inflation metric decelerated sharply in June from the
Underlying Demand Very Strong, US GDP Report Suggests
The US economy expanded at a slower-than-expected pace in the second quarter, as net trade
Warsh Holds Rates In Riven FOMC Nail-Biter
The Fed kept rates on hold Wednesday, as expected. “As expected” needs a giant asterisk.
Warsh, Trump And The Case For 50
Ahead of this week’s FOMC meeting, allow me to reiterate my deeply-held view that a
As Long As The Stocks Go Up…
They don’t love it. “They” are US households, which is to say American voters. “It”
A Pivotal, Perilous Week
It’s a big week in macro-market land, where investors will parse policy decisions from three
What To Expect From The July FOMC
If the question’s what to expect from Kevin Warsh at the July FOMC meeting, I’m
‘Hell Freezes Over’ As Uber-Bear Edwards Says ‘Everything’s Fine’
For all the concern about the hawkish read-across for monetary policy of rising energy costs,
ECB Wishes All The Shooting Would Stop
The Houthis weren’t discussed at any length at this week’s ECB meeting, in case you
The Yen Canary
Better do somethin.’ It’s gettin’ out of hand. And the intervention ain’t workin.’ The yen
Near-Death Experiences
I used to think it was silly when a dear friend — one of the
Tariff Man Returns
Tariff man’s back. And in this case, that means it’s no longer safe to procrastinate
Boring But For The Bombs
Thank God the war’s back on, otherwise we might be set up for a rather
God Save The Housing Market
God save the homebuilders. And US housing more generally. A pair of private-sector updates painted
China’s A Mess
The slowdown in China’s “temporary” and due in large part to “external factors.” That’s according
BLS Hands Warsh Another Excuse
There was more good news on the inflation front in the US Wednesday. A day
Kevin Warsh Makes A Promise
Don’t worry everybody: Kevin Warsh has this under control. “This” being inflation. He said as
Warsh, Trump Get Inflation Godsend
Time to cut rates! Said Donald Trump on his morning conference call with Kevin Warsh.
‘China Shock 2.0’ Narrative Gathers Steam As Exports Boom
The Chinese, um, shipped some stuff last month. More than $410 billion worth, in fact,
What If Warsh Does Take A Hike?
What happens to the S&P if Kevin Warsh hikes rates? Dumb question, I know. Because
Inflation Week
It’s inflation week in the US, where the BLS is expected to tell American households
US Home Prices Smash Record, Hit New High
The median price of resold homes in America rose to a new all-time high in
Kevin Warsh Could Do Without More War
If the ceasefire between the US and Iran is indeed “over,” as Donald Trump declared
Fed Officials Stressed Inflation Risk At Warsh’s First Meeting
Much to the chagrin of Donald Trump’s new Fed chair, who’d prefer it if macro
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