Several factors are fueling the dollar’s surge, including rising rate differentials, a global move to the dollar and escalating geopolitical tensions. … READ MORE >
U.S. August CPI: Core inflation arrives hot even as gas prices fall
Premature calls for the Fed to pause its campaign to tame inflation should be politely dismissed given the 0.1% increase in top-line inflation in August. … READ MORE >
European energy crisis: A quandary with no good policy options
Short-term price caps as the best way—or, put more accurately, the least bad way—to mitigate the price shocks of the energy crisis in Europe and to prevent wider declines in aggregate demand. … READ MORE >
Falling gas prices imply further inflation relief
This recent decline in gas prices should put downward pressure on top-line monthly inflation when the consumer price index for August is released on Sept. 13. … READ MORE >
U.S. August jobs report: Another robust month as employment increases by 315,000
American labor market dynamics remain tilted toward sustained strength in hiring and rising wages. … READ MORE >
ISM manufacturing: Sentiment points to modest increase in growth
Manufacturing sentiment in August pointed toward a modest acceleration in growth inside the ISM manufacturing survey, even as the headline number stayed flat at 52.8 compared to July. … READ MORE >
Jobless claims show that jobs remain plentiful
First-time claims for unemployment benefits declined to 232,000 for the week ending Aug. 27 as continuing claims increased modestly. … READ MORE >
RSM US Manufacturing Outlook Index: Decline in new orders leads a slowdown
The RSM US Manufacturing Outlook Index indicates a slowing manufacturing sector. … READ MORE >
How high must unemployment rise to tame inflation?
To reduce inflation to acceptable levels, it will be necessary to destroy between 1.7 million and 5.3 million jobs. … READ MORE >
Powell at Jackson Hole: From era of abundance to one of insufficient supply
Federal Reserve Chairman Jerome Powell was blunt in his remarks at Jackson Hole, Wyo.: “Reducing inflation is likely to require a sustained period of below-trend growth.” … READ MORE >