The recent reopening of China’s factory floors and the easing of its supply chain bottlenecks have prompted discussion about the ability of the U.S. supply chain to absorb what will be a tsunami of imported goods. … READ MORE >
The American housing deficit and what it takes to close it
At the end of last year, the U.S. was about 3.5 million homes short of the number required to maintain a stable market. … READ MORE >
Midyear update: An economy on knife’s edge as inflation bites
The supply, demand and energy shocks cascading through the American economy are sufficient to cause an end to the business cycle over the next six months. … READ MORE >
Fuel oil prices reach a tipping point
Rising fuel costs have reached a tipping point, forcing many households to reduce their spending on necessities and threatening to slow the overall pace of consumption. … READ MORE >
Changes in Fed policy and their impact on the economy
The Federal Reserve’s changes to short-term interest rates will affect the stock of money, which directly determines the direction of the real economy, output and employment. … READ MORE >
Fed announces largest rate hike in nearly three decades as it seeks to restore price stability
The Federal Reserve lifted its federal funds policy rate to a range between 1.5% and 1.75% on Wednesday as it moves to restore price stability over the medium term. … READ MORE >
Updated FOMC call: Fed to hike policy rate by 75 basis points
Based on movements inside the rate markets, quickly changing inflation expectations and a rattled investor class, we now expect the Federal Reserve on Wednesday to raise its policy rate by 75 basis points to a range between 1.25% and 1.50%. … READ MORE >
Bond market update: Inflation’s toll on returns, investment and growth
Inflation is now the most significant factor in investment decisions. Until the Federal Reserve creates the conditions approximating price stability, the economy will remain at risk. … READ MORE >
FOMC preview: 50-basis-point hikes through September
We expect that the Federal Open Market Committee this week will lift the federal funds policy rate by 50 basis points to a range between 1.25% and 1.5%. … READ MORE >
U.S. May CPI: Inflation continues to broaden out on higher gas and housing costs
Inflation continued to broaden out across the American economy in May, rising by 8.6% annually and underscoring the urgency among central bankers to restore price stability. … READ MORE >