12/01/23 04:06PM - Growing income inequality has been one of the go-to pieces of evidence that people on the left (and also, at times, on the new right) raise to allegedly show that Milton Friedman's type of free-market ideas have failed the U.S., and, therefore, …more…

12/01/23 12:24PM - The Federal Reserve chair said officials could still raise rates “if” that becomes necessary, and that it’s too soon to guess when they will ease. Jerome H. Powell, the chair of the Federal Reserve, suggested on Friday that the central bank may …more…

12/01/23 12:07PM - Federal Reserve chair Jerome Powell said in a Friday speech that it's too soon to declare an end to rate hikes, much less to speculate on when Fed rate cuts will happen. But markets largely disregarded his comments, with Treasury yields tumbling …more…

12/01/23 11:15AM - Fortunately, one does not have to be an econometrician to notice that something is wrong with the Fed’s measure. When inflation took off in President Biden's first year, the White House blamed it on supply disruptions, as did the Fed. At the …more…

12/01/23 11:00AM - Great news on the inflation front: According to the Bureau of Economic Analysis, price pressures have significantly eased. The Personal Consumption Expenditures Price Index (PCEPI) rose 3.0 percent year-over-year in October, down from 3.4 …more…

12/01/23 10:26AM - AUSTIN – Once again, larger deficits and higher debt-to-GDP ratios in rich countries have become fodder for fiscal hawks and bond vigilantes to warn of a looming crisis that will demand a return to austerity. But the case for such pessimism has …more…

12/01/23 10:00AM - Economic activity in the manufacturing sector contracted in November for the 13th consecutive month following a 28-month period of growth, say the nation's supply executives in the latest Manufacturing ISM® Report …more…

12/01/23 08:30AM - Total Construction
Construction spending during October 2023 was estimated at a seasonally adjusted annual rate of $2,027.1 billion, 0.6 percent (±1.0 percent)* above the revised September estimate of $2,014.7 billion. The October figure is …more…

11/30/23 10:00AM - Pending home sales dropped 1.5% in October, according to the National Association of REALTORS®. The Northeast posted a monthly gain in transactions while the Midwest, South and West all recorded losses. All four U.S. regions noted …more…

11/30/23 09:47AM - In the week ending November 25, the advance figure for seasonally adjusted initial claims was 218,000, an increase of
7,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 209,000 to
211,000. The …more…

11/30/23 08:30AM - Personal income increased $57.1 billion (0.2 percent at a monthly rate) in October, according to estimates released today by the Bureau of Economic Analysis (tables 2 and 3). Disposable personal income (DPI), personal income less personal …more…

11/29/23 02:00PM - Overall Economic Activity
On balance, economic activity slowed since the previous report, with four Districts reporting modest growth, two indicating conditions were flat to slightly down, and six noting slight declines in activity. Retail …more…

11/29/23 08:30AM - Real gross domestic product (GDP) increased at an annual rate of 5.2 percent in the third quarter of 2023 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased …more…