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Market Minute: Rising U.S. labor productivity
The productivity data should show a year-over-year increase of nearly 5% should the first estimate for third-quarter GDP, which came in at a strong 4.3%, prove durable. ... READ MORE >
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Market Minute: Weak dollar policy to persist into 2026
Pushing down the dollar’s value has been a policy priority for the administration as it sought in part to make exports more attractive. … READ MORE >
American economy is a resilient beast even as job creation slows
Top-line growth advanced by 4.3% in the third quarter despite the adverse trade and immigration shocks the economy has absorbed over the past year. … READ MORE >
Market Minute: When the Fed’s reserves go from abundant to ample
Those who wish to return to the way things were before the financial crisis, before the Fed expanded its balance sheet, are living in a fantasy world. … READ MORE >
Market Minute: How sticky wages and inflation affect interest rates
A neutral federal funds rate in the range of a 3% to 3.5% nominal rate is more appropriate than the zero real (inflation-adjusted) terminal rate that some are calling for. … READ MORE >