The November jobs report took everyone by surprise again, although this should not be the case anymore, as the monthly employment snapshot continually surprises everyone. That said, the U.S. economy added 263,000 new jobs, higher than the market estimate of 200,000, according to the Bureau of Labor Statistics (BLS). The unemployment rate was unchanged at […]
Inflation
CNBC: Transitory inflation is back on the table
Since the middle of 2020, the annual inflation rate has been rising. While the consumer price index (CPI) has likely peaked at 9.1 percent, it remains elevated. The Federal Reserve Bank of Cleveland forecasts that the November CPI will come in at 7.5 percent, down from 7.7 percent in October. So, does this mean “transitory […]
5 key takeaways from the 7.7% October inflation report
The U.S. annual inflation report came in at an astounding 7.7 percent. America’s consumer price index (CPI) has not been this low since January. It was also the first time that inflation was below eight percent since February. But while everyone is doing victory laps because the Federal Reserve might pull the trigger on a […]
Cleveland Fed Bank’s Nowcast forecasting 8.1% inflation tomorrow
On the eve of CPI Day, the market is anticipating a headline print of eight percent for October. If accurate, it would be a notable drop from the 8.2 percent in the September report. But not everyone is expecting the eight percent figure. The Federal Reserve Bank of Cleveland’s Nowcast is projecting an October reading […]
MSNBC’s Joy Ann Reid: Republicans brainwashed Americans to understand inflation
MSNBC has been in panic mode this week. Perhaps one of the weirdest talking points coming out of the network was host Joy Ann Reid claiming that Americans have been too stupid to know what inflation means. In a recent segment, Reid said that only the brilliant journalist class and economists use the term and […]