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 >
Joseph Brusuelas
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 >
The U.S. is in better position to endure an oil and gas shock
Overall, the impact of the most recent Middle East conflict on the U.S. economy will be muted, but the risks of the conflict expanding remain. … READ MORE >
Market Minute: Patience is a virtue for the Fed
Based on our own model and the central bank’s recent rhetoric, the Fed will be and should be in no hurry to cut rates given the risk around the economic outlook. … READ MORE >