For decades, Japan used low interest rates and piled up debt to prop up its aging economy. Now, the currency market is saying enough is enough. … READ MORE >
Joe Brusuelas
Market Minute: As Japan embraces foreign workers, growth follows
Japan’s embrace of foreign-born workers did not happen overnight and there are undoubtedly more changes to come. … READ MORE >
Revisions and noise push jobless rate down to 4.2%
Take the June jobs report of 57,000 new hires with a grain of salt. Expect an upward revision to this figure when the July data is released. … READ MORE >
Market Minute: Why gas prices will fall, but only gradually
For every $10 that the price of oil declines per barrel, the price of gas declines by only $0.024 per gallon. … READ MORE >
Market Minute: We expect a gain of 180,000 jobs in June
The gains will be driven by health care, education, government, leisure and hospitality, as well as the goods-producing and construction sectors. … READ MORE >
Market Minute: Guns, butter and inflationary pressures
The increase in defense spending is boosting GDP and the labor market, but also adding pressure to inflation. … READ MORE >
Market Minute: What does the Dallas Fed trimmed mean tell us about inflation?
Investors will be looking at alternative measures like the Dallas Fed PCE trimmed mean, one of Fed Chair Kevin Warsh’s preferred inflation metrics. … READ MORE >
Inflation peaked in May—but return to pre-war levels not coming soon
While it is highly likely that U.S. inflation peaked in May, one should not anticipate a return to pre-war levels of inflation any time soon. … READ MORE >
Market Minute: Yield curve pricing in a hawkish Fed
Two-year Treasury yields have increased by 85 basis points, to 4.23%, since the last day of trading before the Iran war. … READ MORE >
Surging equities and the trickle-up economy
We estimate that every dollar of stock market gains generates less than a penny of consumer spending—roughly 0.8 cents … READ MORE >