From the President's Desk Internal Forecasting
Using “market trends” is my way of drawing attention to the exact opposite – specifically, that many markets are behaving differently than our macro trends. Nevertheless, ITR Economics’...
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Our analysis of the latest data is that North America Light Vehicle Production established a low in March. Seasonal rise and cyclical improvement are underway. North American manufacturers...
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The June CPI result reflected a 9.1% year-over-year rate of inflation. The number immediately garnered a lot of attention and understandably so. It was the highest rate experienced in the...
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Consumers benefited from mounds of cash pushed their way by government stimulation during the pandemic. The financial windfall fueled an incredible surge in Retail Sales and contributed to...
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Real (i.e., inflation-adjusted) personal income – as earned for productive economic participation – is at a record high. This bodes well for the overall economy because it means the...
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The Fed appears intent to quell the inflation that they helped create. They have indicated that they intend to make up for lost time with an aggressive schedule of rate hikes. Quantitative...
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