Jun 19, 2019
Ultimately, though, the data will prevail. If the economy is as decent as I think it is, it will be hard for the Fed to cut rates without further declines in inflation, even if a growing number of members are no longer patient.
Jun 18, 2019
There is a big difference between a soft economy and one that is easing back to more realistic growth rates.
Jun 14, 2019
Granted, the economy is not booming, but it is also not faltering and today’s data make that clear.
Jun 7, 2019
There are some signs that the market may be faltering more than perceived. This was the second month out of the past four that job gains were below 100,000. In addition, the data are being revised downward.
Jun 6, 2019
So far this quarter, we seem to be holding our own as the deficit narrowed in April. Unfortunately, not for the right reasons: Both imports and exports declined.
Jun 5, 2019
Investors are counting on the Fed to bail out the economy but they are fooling themselves. The Fed has limited ammunition to fight a slowdown. Let’s face it, if the Fed has to go below one percent again, it will be in trouble.
May 31, 2019
It’s nice that income gains were strong, but it would be a lot better if more of the rise came from wages increases.
May 24, 2019
The growing signs that manufacturing is softening cannot be overlooked and it looks like second quarter growth could be weaker than expected.