Helping You Survive and Prosper in the Greater Depression
Why does the labor market seem detached from the monthly jobs report, courtesy of the Bureau of Labor Statistics? Everything is showing weakness and slower growth, from the number of corporate layoffs to business sentiment. Case in point, the … [Continue reading] about Cooling labor market? Continuing jobless claims trend higher again
The U.S. financial markets are not happy with Federal Reserve Chair Jerome Powell. For whatever reason, they are hoping that the central bank will tergiversate and turn dovish on monetary policy. But Powell insists that its tightening campaign … [Continue reading] about Jerome Powell sends markets lower as Fed Chair reiterates higher-for-longer interest rates
Brace yourselves, high interest rates are here to stay - for now. This was the message Federal Reserve Vice Chair Lael Brainard had for the United States economy. Speaking at an event in New York, Jerome Powell's likely successor purported that … [Continue reading] about Brace yourselves, higher interest rates are here to stay, Fed’s Lael Brainard warns
By: Andrew Moran Who’s afraid of Federal Reserve Chair Jerome Powell? Following his Jackson Hole Economic Symposium speech on Aug. 26, seemingly everyone is spooked by the man, the myth, and the legend of crisis-era monetary policymaking. The … [Continue reading] about Who’s afraid of Jerome Powell?
Well, that escalated quickly. The Federal Reserve Bank of Atlanta's GDPNow is one of the most reliable indicators of where the gross domestic product is heading as it emulates the same measurements the Bureau of Economic Analysis (BEA) uses. It … [Continue reading] about Another bad quarter? Atlanta Fed Bank slashes Q3 GDPNow to 1.4%