The persistently strong demand for labor has surprised everyone from soft landers to hard landers. Fed officials are flummoxed. They’ve raised…
And the Academy Award for the Biggest Economic Surprise of 2022 goes to . . . inflation. It has defied Fed expectations by being both…
Did the Fed just guarantee every bank deposit in America? That's really not the Fed's job; it'…
This week will be jam-packed with economic indicators. More important will be how government regulators deal with the SVB debacle so that…
The S&P 500 dropped 3.3% on Thursday and Friday, led by money center and regional bank stocks as a…
Yesterday's sell-off in the stock market was led by bank stocks. It was mostly triggered by fears that SVB may…
The Q4-2022 earnings season is over. Joe reports that S&P 500 earnings data are out for the quarter. We weren’…
JPMorgan Chase CEO Jamie Dimon has been warning that a recession is coming. Today, ironically, the bank stocks took it on the…
Productivity was poor last year—declining more than it has since 1974—and growth in unit labor costs was high. But the…
Fed Chair Jerome Powell is the high priest of monetary policy. His pontifications are carefully read and analyzed by his followers. We…
Tomorrow (Mar. 7) and the day after (Mar. 8), Fed Chair Jerome Powell will testify in hearings before the Senate Banking Committee…
The S&P 500 may continue to mark time until the data more convincingly support either the bull or the bear…
