In the first five months of this year, the number of international visitors dropped by 12% in March and 3% in May. … READ MORE >
Joseph Brusuelas
Market Minute: U.S. June jobs report preview
We forecast an increase of 100,000 in nonfarm payrolls when the report for June is released on Thursday, down from 139,000 in May, and an increase to 4.3% in the unemployment rate. … READ MORE >
Market Minute: Demographics of the foreign-born labor force
Last year, foreign-born workers accounted for 19.2% of the U.S. civilian labor force, up from 18.6% in 2023, according to the Bureau of Labor Statistics. … READ MORE >
Market Minute: Dollar depreciation disrupts its safe-haven status
The American dollar has depreciated against all 14 major trading currencies as investors diversify away from risk associated with dollar-denominated assets. … READ MORE >
Market Minute: Why are mortgages so expensive?
Mortgage rates have retreated somewhat since their 2023 peak but remain higher than what we would normally expect. … READ MORE >
Market Minute: Supply shocks and inflation expectations
The escalation of hostilities in the Middle East over the weekend could very well be the next step in a broader global supply shock. … READ MORE >
The Fed holds rates steady, but its forecast has the whiff of stagflation
In holding the policy rate in a range between 4.25% and 4.5%, the Federal Open Market Committee also signaled the possibility of two rate cuts this year, … READ MORE >
Market Minute: Central banks not immune to rising gas futures
Between May 30 and June 17, gas futures increased by 10.2% in the United States and by 16% in Europe. … READ MORE >
Market Minute: Are stocks in Alfred E. Neuman territory?
After months of wild swings, the S&P 500 index is back near its record high. But there are warning signs. … READ MORE >
Market Minute: Inventory cushion may be holding down inflation
Even as some goods showed early signs of tariff-induced inflation, businesses have for the most part managed to absorb the cost of the new trade taxes. … READ MORE >