Fragmentation of economic, financial and trade relationships is now the norm as trading and security blocs continue to form around the world. … READ MORE >
How attacks on ships in the Red Sea are affecting trade
Trade through the Red Sea accounts for 15% of total global sea trade, including vital supplies of grains, seaborn liquid natural gas and oil. … READ MORE >
The price of eggs and public sentiment
While inflation continues to recede, higher prices continue to affect household finances, causing the public to evaluate the economy as sour. … READ MORE >
December CPI: Sticky service and housing prices illustrate the difficult last mile in inflation fight
Despite a three-month annualized top-line inflation pace of 1.8% and a six-month rate of 3.3%, prices in the service sector, which comprises 62% of the overall index, increased by 5% on a year-ago basis. … READ MORE >
Rate normalization and the return of risk
Conditions are ripe for the yield curve to continue to normalize as the long end moves to a range between 4% and 4.25%. … READ MORE >
December employment report caps an extraordinary year of 2.7 million jobs added
The U.S. economy added 216,000 jobs in December, closing out an extraordinary year that saw an increase of 2.7 million in total employment and a record 167 million Americans employed. … READ MORE >
U.S. income and spending see strong gains as year nears an end
November had a 0.4% increase in nominal income and spending, while inflation-adjusted spending advanced at a 0.3% pace, according to Commerce Department data released on Friday. … READ MORE >
Fed signals end of rate hikes and projects cuts in 2024
The Federal Reserve signaled at its meeting on Wednesday that it is done raising its policy rate and is poised to reduce it by 75 basis points next year, with more cuts after that. … READ MORE >
U.S. November Consumer Price Index: Inflation continues to abate
Inflation continued to abate in November as energy prices declined by 2.3% and gasoline prices dropped by 6%, resulting in a 0.1% monthly advance in the CPI. … READ MORE >
U.S. November jobs report: This is what a soft landing looks like
Through November this year, the American economy has produced 2.58 million jobs as inflation has eased from 6.4% to 3.2% all while the unemployment rate has remained below 4%. … READ MORE >