Another large drop in the U.S. unemployment rate in August was the biggest surprise coming out of today’s employment report. The big decline in the unemployment rate, another sizable 1.37 million net job gain last month, and better than expected average hourly earnings growth, bolsters confidence in the sustainability of this expansion despite growing signs […]Read More ›
After nearly two years of study, the Federal Reserve finally updated its framework statement on its long-run goals and monetary policy strategy first adopted in 2012.Read More ›
The most sobering section of the July Federal Open Market Committee Minutes, for me, was the description and discussion on financial system stability.Read More ›
U.S. economic data continues to surprise on the upside through July.
The retail sales report for July reveals a remarkable rebound in retail sales has occurred over the last three months as the U.S. economy reopened for business and government transfer payments bolstered consumer confidence enough for consumers to return to stores with a vengeance.Read More ›