Greedy Innkeeper or Generous Capitalist?
The Bible story of the virgin birth is at the center of much of the holiday cheer this time of […]
The Bible story of the virgin birth is at the center of much of the holiday cheer this time of […]
Industrial production increased 0.2% in November (0.0% including revisions to prior months) below the consensus expectation of +0.3%. Utilities output […]
Retail sales rose 0.3% in November (+0.1% including revisions to prior months), beating the consensus expected decline of 0.1%. Retail […]
The Federal Reserve declared victory today, projecting a soft landing as its base case in the years ahead, with more […]
The Producer Price Index (PPI) was unchanged in November, matching consensus expectations. Producer prices are up 0.9% versus a year […]
The Consumer Price Index (CPI) rose 0.1% in November, above the consensus expectation of no change. The CPI is up […]
For the first time in roughly fifteen years, interest rates in the United States are about right. In economics, we […]
Nonfarm payrolls increased 199,000 in November, narrowly beating the consensus expected 185,000. Payroll gains for September and October were revised […]
The trade deficit in goods and services came in at $64.3 billion in October, almost exactly the consensus expected $64.2 […]
The ISM Non-Manufacturing index rose to 52.7 in November, beating the consensus expected 52.3 (Levels above 50 signal expansion; levels […]
New home prices are much lower than a year ago. The average price of a new home sold in October […]
Personal income rose 0.2% in October (+0.3% including revisions to prior months), matching consensus expectations. Personal consumption also rose 0.2% […]
Real GDP growth in Q3 was revised higher to a 5.2% annual rate from a prior estimate of 4.9%, beating […]
