Jerome Volcker
“Transitory” is out, “expeditious” is in. As most investors expected, the Fed raised short-term interest rates by half a percentage […]
“Transitory” is out, “expeditious” is in. As most investors expected, the Fed raised short-term interest rates by half a percentage […]
The ISM Non-Manufacturing index slowed to 57.1 in April, missing the consensus expected 58.5. (Levels above 50 signal expansion; levels […]
Exports rose by $12.9 billion, led by an increase in other petroleum products, crude oil, fuel oil, and natural gas […]
View from the Observation Deck 1. All three S&P stock indices in the table above recently dipped into correction territory. […]
The ISM Manufacturing Index slowed to 55.4 in April, missing the consensus expected 57.6. (Levels higher than 50 signal expansion; […]
Ultimately, inflation is always and everywhere a monetary phenomenon, as the late great economist Milton Friedman used to say. And […]
Personal income rose 0.5% in March ( 0.9% including revisions to prior months), beating the consensus expected 0.4%. Personal consumption […]
View from the Observation Deck 1. On 4/27/22, the S&P 500 Index closed the trading session at 4,183.96, which was […]
Real GDP declined at a 1.4% annual rate in Q1, widely lagging the consensus expected +1.0% rate. The largest negative […]
New single-family home sales declined 8.6% in March to a 0.763 million annual rate, narrowly missing the consensus expected 0.768 […]
View from the Observation Deck 1. The yield on the 10-year Treasury note (T-note) closed at an all-time low of […]
New orders for durable goods rose 0.8% in March (+1.2% including revisions to prior months), versus a consensus expected +1.0%. […]
