All Posts Tagged: hourly earnings

U.S. Outlook: Inflation pressures moderate, but for how long?

Scott Anderson
Chief Economist

Recently released U.S. inflation data appear to support the Federal Reserve’s decision to pause in their interest rate hiking campaign. Overall  consumer price inflation slowed to a modest 1.5% in February, down from 2.9% in June 2018.

Candlestick chart

Much of the moderation in the headline rate over the past year has been due to declines in energy, transportation, and apparel prices. Core consumer prices, which exclude the volatile food and energy components, rose 2.1% in February, down from 2.3% late last year.

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on March 15.

Key observations:
  • Annual producer price growth was as high as 2.8% in mid-2018, but has been trending down ever since.
  • Average hourly earnings increased 3.4% from a year ago in February, a post-recession high and a sharp jump from 2.3% growth back in October 2017.
  • Slower economic growth in 2020 is expected to begin pushing consumer inflation back below 2.0% yet again.

Read my full report.

U.S. Consumer Inflation

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U.S. Outlook: U.S. job gains fall far short joining global slowdown

Scott Anderson
Chief Economist
Job Growth_BLS_30819

February’s lackluster jobs data add to a growing chorus of weak economic indicators. Does this point to a deterioration in global economic activity in Q1? Read Scott Anderson’s analysis in the U.S. Outlook.

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U.S. Outlook: Moderate job growth continues in January

Scott Anderson
Chief Economist
Busy, crowded street scene in Times Square, NYC

Will moderate growth continue? Scott Anderson analyzes the economic data in this week’s U.S. Outlook.

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U.S. Outlook: Thanksgiving comes early this year

Scott Anderson
Chief Economist
closeup on palate of food delivered by grocery employee.

Rather than a scary October payroll report appropriate for the Halloween season, investors and analysts received an early Thanksgiving surprise.

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U.S. Outlook: Economy keeps cranking out new jobs

Scott Anderson
Chief Economist
Young professionals in coworking space.

The August employment report looks pretty sweet on the surface.

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