Retail Sales Surge In July from Smaller Negative Revision
Tyler Mitchell Advance retail sales rose 1.0 percent in July from a negative 0.2 revision led by autos. I’m skeptical…
Industrial Production Declines 0.6 Percent on Top of Big Negative Revisions
Industrial production fell 0.6 percent in July on top of a negative 0.3 percentage point revision to June.…
Young Adults Up to Age 34 Were the Hardest Hit in Friday’s Unemployment Report
Age group 25-35 was very hard hit in Friday’s job report. Overall unemployment rose 0.2 percentage points. For…
Retail Sales Surge but GDPNow Forecast Declined, What Happened?
The economic reports on Thursday were strong except for industrial production. GDPNow creator, Pat Higgins, explains the decline.…
Consumer Price Index a Tad Better than Expected Year-Over-Year
The consensus estimate for year-over-year CPI was unchanged. I accurately called for a 0.1 percent drop but was…
Will the Fed Cut Interest Rates by 0.25 Points or 0.50 Points in September?
I suggest the latter. The market expectation is the former. Let’s discuss the case for a half-point. Image…
Producer Price Index (PPI) Weaker than Expected, the Fed Will Be Pleased
The PPI rose 0.1 percent in July vs. a 0.2 percent Bloomberg Econoday expectation. The way the PPI…
Expect Good to Very Good CPI Reports for July, August, and September
The BLS CPI report is out tomorrow. There will be a second report before the September Fed meeting.…
UAW Files Lawsuit Based on the Trump-Elon Musk Discussion on X
I was wondering when the X discussion would bite. It already has and it will likely cost Trump…
Dockworker Union Threatens to Close Shipping Ports Handling 60 Percent of Traffic
The union threatens a strike on September 30. If that happens, it could change the election. Election Wild…