The stock and bond markets reacted badly to today's stronger-than-expected personal income data and hotter-than-expected PCED. Is the economy experiencing…
Dividends are like plants. Both grow. But dividends can grow forever, while the size of plants is limited. Notwithstanding last year'…
What’s next for the US economy? Of four potential outlooks, we see the greatest odds (40%) of a soft landing in…
No boom, no bust. That describes yesterday's flash estimates for February's M-PMI and NM-PMI released by S&…
The CPI's rent of primary residence is showing no signs of peaking, rising to 8.6% y/y during January…
The holiday-shortened week is a light one for economic indicators. The BIG number will be January's PCED inflation rate, which…
Fed officials have indicated that they’d rather see stock and bond prices fall than continue to rise, as they’ve been…
On a regular basis, we all need to listen to the markets. They process a tremendous amount of information. They reflect the…
Stock and bond prices fell today as two none-voting FOMC participants (Bullard & Mester) suggested that higher-for-longer interest rates will be necessary…
Foreigners purchased a record $1.6 trillion in US securities over the 12 months through December (chart). That's an impressive…
We aren't that surprised by the 3.0% m/m jump in retail sales reported today. When January's…
Perversely, the financial markets’ vote of confidence in the Fed’s ability to subdue inflation without getting the economy into trouble represents…
