The latest qualitative data, the Beige Book, shows flat to modest growth in economic activity across most of the US economy. The Cleveland and Minneapolis Federal Reserve Bank Districts informed of softening […]
“Slight” and “Moderate” dominate the narrative of US Economy
Number of Waged Workers Decreased. Not seen since the Pandemic
The number of salaried workers, which excludes self-employed, decreased to levels seen in the third quarter of 2022. The annual percent change registered a negative number (-1% on an annual basis) only […]
Import Prices on the Rise Rapidly, Jeopardize US Inflation
International trade contributes mixed signals on import prices as fuel and major trade partners’ prices offset each other. Prices for all import items from Canada, Mexico, and Europe increased by 3.2 percent […]
Inflation concerns from overheated labor market may be over
Federal Reserve Officials’ concerns about the overheated labor market may be over. The focus now is on prices. Recent data on inflation suggests that the monetary policy effect on shelter prices is […]
More to wait on Inflation: Lagged Effect on Cost of Shelter
Core Inflation remains over the Federal Reserve Target 2% mostly driven by Cost of Shelter. However, Cost of Shelter shows a lagged effect from monetary tightening. It is a matter of time and […]
Skyrocket Productivity yet Lower Compensation in Real Estate Business
Despite increases in sector productivity and median home prices, recent events on commission distribution and high interest rates on mortgages have led the real estate business activity to slow down in the […]
US economy on strong equilibrium: June 2024 Jobs Report
The US economy is keeping track on a healthy and sound equilibrium as hiring, workers, and unemployment show encouraging data. On June 2024 the 4.1% US Unemployment Rate shows little change as […]
Quits Levels Back to Normal, May 2024
Employees quitted jobs at a lower pace gearing up for the summer 2024. Current BLS Quits Data could have spillovers on Monetary Policy, Mortgages, and Remote Work. Voluntary separations from employment went […]
Rent Prices Stickiness and the Latest CPI Data.
Fear of increasing inflation in the U.S. appear to be the trigger behind the market volatility of previous weeks. Recent gains in hourly compensation to workers have had analysts measuring the effect […]
Timorous evidence of “Contagious Effect” after Dow Sell-Off.
The stock market seems to be returning to the old normal of higher levels of volatility. I suggested on Tuesday that former Fed Chairman Alan Greenspan’s comments could have brought back volatility by triggering […]
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