The top-line inflation rate hit 9.1% in June on the back of a 11.2% increase in gasoline prices and a 7.5% jump in overall energy prices … READ MORE >
Joseph Brusuelas
U.S. employment report for June indicates no recession now
An American economy in free fall does not tend to produce 372,000 jobs in any given month, as the June employment report showed on Friday. The data released by the Labor Department strongly implied that the economy is not in recession. … READ MORE >
U.S. June jobs preview: Slower hiring in rate-sensitive industries
We expect the June U.S. employment report to show a total gain of 225,000 jobs, with risk of a stronger pace of hiring and an increase in the unemployment rate to 3.7%. … READ MORE >
Preparing for a tsunami of imported goods
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 >
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 >