Industrial production increased 0.4% in March (+1.0% including revisions to prior months), beating the consensus expected gain of 0.2%. Utilities […]
Retail sales declined 1.0% in March (-0.9% including revisions to prior months), lagging the consensus expected decline of 0.5%. Retail […]
The Producer Price Index (PPI) declined 0.5% in March, coming in well below the consensus expectation for no change. Producer […]
The Consumer Price Index (CPI) rose 0.1% in March, below the consensus expected +0.2%. The CPI is up 5.0% from […]
Nonfarm payrolls increased 236,000 in March, very close to the consensus expected 230,000. Payroll gains for January and February were […]
History is full of economic and societal collapses. The Incan and Roman societies disappeared, the Ottoman Empire fell apart, and […]
Fifteen years ago, in 2008, the Federal Reserve started an experiment in monetary policy, switching from a “scarce reserve” system […]
The ISM Non-Manufacturing index dropped to 51.2 in March, well below the consensus expected 54.4. (Levels above 50 signal expansion; […]
The trade deficit in goods and services came in at $70.5 billion in February, larger than the consensus expected $68.8 […]
The ISM Manufacturing Index declined to 46.3 in March, lagging the consensus expected 47.5. (Levels higher than 50 signal expansion; […]
If you were bullish for 2023…congratulations! The S&P 500 rose 7.0% in the first quarter and, although we still have […]
Personal income rose 0.3% in February (+0.4% including revisions to prior months), matching consensus expectations. Personal consumption rose 0.2% in […]
Real GDP growth in Q4 was revised slightly lower to a 2.6% annual rate from a prior estimate of and […]
