Consensus estimates change over time. Seeing how they have been changing can also offer some depth on what’s going on behind the scenes. Today we take a look at five things we can learn from changing U.S. growth expectations.
More and more people are saying, “I quit!” as competition for qualified workers heats up. The tightening labor market is putting upward pressure on wages, as employers try to hang onto current employees or bring in new staff.
The Federal Reserve ended its two-day meeting yesterday and, as expected, there were no changes to current interest rate or bond purchasing policies. However, the Fed continues to prepare the market for a reduction of bond purchases soon to begin.
A look at high-frequency data provides us clues on how the Delta variant is affecting the consumer economy.
While U.S. economic conditions have certainly improved, U.S. small business conditions remain somewhat less stable.
Today’s report likely did little to convince the Fed that the labor market is closer to meeting its “substantial further progress” goal on employment, and therefore, all else equal, will not compel them to consider reducing asset purchases sooner rather than later.
For nearly a year, investors have been on watch for a potential jump in inflation. Still, this week’s inflation numbers came with some serious sticker shock.
Even as an unprecedented global vaccine rollout is underway the daily number of new COVID-19 cases reported (measured by the 7-day moving average) recently passed 1.25 million for the first time.
While the pace of the inoculation programs implemented around the world has varied greatly, one thing is becoming clear from the data: More shots equal less COVID-19.
2020 was an extraordinary year for the Federal Reserve (Fed). The Fed responded swiftly and decisively to rapidly accelerating financial and economic uncertainty. The current Fed was helped by precedents and policies created during the 2008-09 recession, but also went beyond them to address the specific economic needs of the current crisis.
