Equity markets reacted violently to Fed Chairman Powell’s recent comments. U.S. equity markets shed over $1.2 trillion in one day when participants decided to reprice the trajectory and pace of interest rates. 1
The summary of what he said should not have been shocking;… More >>
I completely understand we are still in the doom and gloom phase of the current economic growth detour. It’s far too early to declare the coast clear from headwinds real and imagined.
With Q2 earnings season effectively over, companies fared much better than expected.… More >>
Last week’s report on consumer prices finally gave a little respite to the onslaught of inflation news. The month-over-month change in consumer prices was zero, with a moderation in the year-over-year rate. 1
Energy prices were the main contributor to the easing of… More >>
The latest jobs report for July crushed all estimates. The U.S. economy added 545,000 total jobs last month, with almost every category adding jobs. 12
The number of jobs added per month over the last year has been a remarkable 526,000 on average. 3
This latest… More >>
The U.S. economy posted its second consecutive quarter of negative GDP growth. 1
If you review our Q3 2022 Look Ahead, you can see the outcome was highly predictable.
The question is are we in a recession?
According to the Bureau of Economic Analysis, an independent… More >>