Chairman Powell’s FOMC press conference last Wednesday lit a touch paper to bond and stock prices globally.

The Fed isn’t yet confident that it has done enough to return inflation to target, but equally not confident that it hasn’t done enough....

After 2 very benign CPI reports for June and July the August report was slightly more concerning. The good news is that core inflation...

The good news in the CPI report is that Core Services inflation (sticky inflation) is running at 2% over the last three months. Moreover,...

Uncertainty rules on both the secular and cyclical front...

The incipient recovery in global manufacturing that began in Q4:2022 has effectively rolled over and died over the past few months.

In Narrative Economics Robert Shiller documents how asset prices are often driven by stories: narratives that may be true, half true or....

G4 flash PMI Data for May confirm that the incipient recovery in global production has dipped...

Limbo: in a state of uncertainty, up in the air, in abeyance, betwixt and between. (Collins Dictionary). Stuck between heaven and hell...

Competition for workers has been fierce but it now seems to be cooling down. Perhaps the Fed can afford to be more patient.

In February, the non-manufacturing sector accelerated and job creation stayed strong. However, data suggests labour supply has improved...