You are likely aware that a US macroeconomic recession we had originally forecasted for mid-decade will now come earlier and characterize late-2023 and 2024, resulting from the dampening...
Continue Reading
You are likely aware that a US macroeconomic recession we had originally forecasted for mid-decade will now come earlier and characterize late-2023 and 2024, resulting from the dampening...
Continue Reading
Disinflation will characterize 2023. We expect inflation will be a persistent problem for this decade. There is a US dollar aspect to this outlook.
Continue Reading
From the President's Desk Finance
The Federal Reserve raised its benchmark federal funds rate by 75 basis points on September 21, which was not a surprise to most people. It was probably also not a surprise to most that...
Continue Reading
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...
Continue Reading
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...
Continue Reading
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...
Continue Reading
