A Big U.S. Data Week Is Ahead: How GDP, Inflation and the Fed Fit Together
Durable-goods orders, a Federal Reserve decision, GDP and PCE inflation all arrive within days. Here is what each report can—and cannot—tell you.
inflation
Producer Prices Fell, but Business Costs Are Telling a More Complicated Story
U.S. producer prices fell in June, but the decline was concentrated in goods while services prices continued to rise. The split matters for company margins, policy and investors.
Wages Beat Inflation, but the Pay Gains Are Far From Equal
Median weekly pay rose faster than consumer prices in the second quarter, offering modest real wage growth—but large gaps by occupation, education and demographics remain.
Consumers Are Still Spending, but the Details Show More Caution
The U.S. consumer has not disappeared. That is the most important message from the latest retail sales data. But the second message is just as […]
Import Prices Are Still Rising—The Hidden Inflation Pressure Investors Should Watch
Inflation pressure does not begin at the supermarket shelf or in the monthly household bill. It often enters the economy much earlier—at ports, warehouses, factories, […]
The U.S. Economy Is Still Growing—But the Story Is Becoming More Uneven
The Federal Reserve’s July Beige Book shows an economy that is still expanding, but with growing differences across consumers, industries, and regions. Here is what that means for households, investors, and businesses.
Cooler Inflation Lifted Markets. The Higher-for-Longer Risk Is Still Here.
June inflation came in cooler than expected, lifting stocks and bonds. Here is why the higher-for-longer interest-rate risk has not disappeared.