Category: Economy

The Producer Price Index (PPI) rose 0.5% in April, coming in above the consensus expected +0.3%. Producer prices are up […]

One theory making the rounds is that if President Trump gets back into office, inflation is going to surge.  The […]

If the financial markets have a religion, we think we know what it is: a deep and abiding faith in […]

The ISM Non-Manufacturing index declined to 49.4 in April, well below the consensus expected 52.0. (Levels above 50 signal expansion; […]

Nonfarm payrolls increased 175,000 in April, lagging the consensus expected 240,000.  Payroll gains for February and March were revised down […]

The trade deficit in goods and services came in at $69.4 billion in March, slightly smaller than the consensus expected […]

No shortage of things to discuss after today’s Fed statement and subsequent press conference.  While the Fed did not cut […]

The ISM Manufacturing Index declined to 49.2 in April, lagging the consensus expected 50.0. (Levels higher than 50 signal expansion; […]

Austrian Economics argues that growth comes from innovation and entrepreneurship, with “the market” directing resources to areas of the economy […]

Personal income rose 0.5% in March (+0.6% including revisions to prior months), matching consensus expectations. Personal consumption rose 0.8% in […]

Real GDP increased at a 1.6% annual rate in Q1, well below the consensus expected 2.5%. The largest positive contribution […]

New orders for durable goods rose 2.6% in March (+2.0% including revisions to prior months), versus a consensus expected gain […]

New single-family home sales increased 8.8% in March to a 0.693 million annual rate, beating the consensus expected 0.668 million. […]

The economy continued to grow in the first quarter at what we estimate is a 2.6% annual rate.  That’s a […]

Existing home sales declined 4.3% in March to a 4.190 million annual rate, slightly lagging the consensus expected 4.200 million. […]