by Steve Skancke, Ph.D. | Jan 23, 2023 | Articles and Videos
The two biggest threats to the U.S. economy and financial markets in 2023 are the Fed tightening beyond what is required to bring inflation back to its 2% target rate and a possible U.S. Treasury debt default if Congress fails to raise or suspend the “debt limit.” The...
by Steve Skancke, Ph.D. | Jan 17, 2023 | Articles and Videos
The December CPI inflation report last week showed inflation continuing to decline and boosted market confidence as fourth quarter earnings reporting began. The 0.1% m/m decline in headline CPI in December was principally due to a 9.4% m/m drop in gasoline prices, and...
by Steve Skancke, Ph.D. | Jan 9, 2023 | Articles and Videos
The best news last week was a positive December jobs report showing 223,000 new payroll jobs and a drop in the unemployment rate to 3.5%, a 50-year low, along with a slowing pace of average hourly earnings growth in December. Average hourly earnings growth slowed to...
by Steve Skancke, Ph.D. | Mar 2, 2022 | Articles and Videos
Apart from the horrific human tragedy of the Russian invasion of Ukraine and the disruption to world order, the likely impact on the U.S. economy and financial markets will be minimal. After two back-to-back weeks of losses leading up to the invasion, the...
by Steve Skancke, Ph.D. | Aug 30, 2021 | Articles and Videos
The US and global economies continue to perform well. The recent slowing in the US is positive, and it reduces inflation pressures which gives the Fed more latitude in supporting employment growth. Slower growth in 2021 resulting from lower consumer confidence and...
