Stop the presses: Larry Summers has something constructive to say about inflation in the US
Category: economy
For Main Street, A Deeply Depressing, Wholly Pyrrhic Victory
Main Street scored a rare “win” over Wall Street in 2022. I’m not sure that’s
US PMIs Are Clear: Inflation Is Abating And The Cost Is Recession
Business activity in the US contracted meaningfully in early December, data out Friday suggested. Flash
Did The American Consumer Just Fold?
US retail sales fell by the most since December of 2021 last month, data out
Chinese Retail Sales Crumbled In November
Retail sales plunged in China last month, key data out Thursday showed. While the 5.9%
Meanwhile, In The UK…
Headlines out of the UK continue to paint a bleak picture of stagflation and generalized
‘Peak Inflation’ For The Win
For the second month in a row, US consumer prices rose less than expected, emboldening
Divergent Stock Outlook Reflects America’s Wealth, Education Divide
Well-off Americans expect a Fed pivot. That’s one way to explain the widest disparity in
Americans Felt Better About Inflation Last Month, Fed Says
Good news: Near-term consumer inflation expectations moderated significantly in November, according to the latest installment
Recreating The Sun
The holy grail was located near San Francisco. California-based scientists studying fusion energy at the
China’s ‘Giant Wave’
“Official COVID case counts have been rendered meaningless.” So declared Bloomberg on Monday, in an
Fed Finale: What To Expect From 2022’s Last Meeting
This time last year, the Fed was busy disavowing “transitory” as a description of the
Upbeat. But Not Really
The last of this week’s sparse US economic data was mercifully upbeat. Or as upbeat
Cancel Your PPI Parties
Cancel any weekend PPI parties you had planned. Producer prices in the US rose more
‘Sell The Last Hike’
It’s fair to say markets are obsessed with the idea that the last Fed hike
Deflation In An Inflationary World
“The spirits” were better Friday, as global equities attempted to trim this week’s losses ahead
US Services Sector Is Thriving. And Also Deteriorating
Bad news: Good news. The first of this week’s sparse US economic data was inconsistent
It’s The Quiet Weeks That Get You
The data docket is a bit sparse in the US this week, and Fed officials
America’s Cheap Labor Addiction Revisited
[Editor’s note: Historically, I haven’t run many articles more than once, not because there aren’t
Larry Summers Sketches The Coming Recession
On the eve of a jobs report which argued for the persistence of an overtly
Payback And Back Pay
Big tech isn’t the US economy, folks. A few ostensible “experts” seemed surprised Friday by
Jobs Report Is (Very) Bad News For Fed
The US economy added more jobs than economists anticipated in November and wage growth rose
Macro Riddle Has Just One Solution
The recent rally in equities in part reflects the market front-running an eventual negative payrolls
Good. Bad. What’s The Difference?
Bad news. Good news. What’s the difference these days? It’s hard to say in an
Same Picture, Different Data
The BEA handed markets a generally cooperative set of data on Thursday, one session on
Why The Fed May Have To Relent, According To Marko Kolanovic
“Until late summer, we thought corporate and consumer resilience [would] be able to withstand the
Powell Delivers 2,400-Word FOMC Statement
Jerome Powell was pretty specific on a number of key points in prepared remarks for
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