Since December 2024, 594,000 jobs have been created in health care and 411,000 in social assistance, much of it to serve an aging population. … READ MORE >
Economics
Job openings ease in June but remain solid
The headline number on job openings edged down a bit in June, but underneath the surface, the labor market still looks very healthy. … READ MORE >
Market Minute: Why did Japan and the U.S. prop up the yen?
Japan wanted to prevent a disorderly depreciation of the yen. The U.S. wanted to suppress the increase in Treasury yields and avoid a selloff by Japan. But it won’t last. … READ MORE >
Manufacturing sector posts fastest growth since 2022
The employment index turned positive for the first time in a long time, suggesting the momentum is not going away anytime soon. … READ MORE >
Market Minute: The Warsh effect and U.S. financial conditions
Fed Chair Kevin Warsh says he wants the financial markets to figure it all out without the forward guidance of the Fed. … READ MORE >
Don’t be misled by slowing GDP. The economy is strong.
Gross domestic product slowed to 1.5% in the second quarter in the United States, but a large part of that slowdown can be attributed to a significant increase in the trade deficit related to the AI buildout. … READ MORE >
India’s inflation accelerates, but for how long?
Inflation in India accelerated in June, rising by 4.4% on an annual basis and exceeding the Reserve Bank of India’s 4% medium-term target for the first time in 17 months. … READ MORE >
A hawkish Fed holds rates steady amid growing dissent
The three dissents in the 9-3 vote, though, came from regional presidents— Neel Kashkari, Lorie Logan and Beth Hammack—and not from the Board of Governors. … READ MORE >
India’s industrial output jumps to a two-year high in June
The upside surprise, though, is unlikely to move the Reserve Bank of India off its expected hold at its policy meeting next week. … READ MORE >
Market Minute: Expect second-quarter GDP to increase by 2.3%
Two events added to the quarter’s demand: Amazon’s Prime Day and the opening weeks of the World Cup. … READ MORE >