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The Federal Reserve chose to leave short-term interest rates in the United States unchanged at the conclusion of its third two-day meeting of 2019 on 1 May 2019, holding its target range for the Federal Funds Rate between 2.25% and 2.50%. In the day since the Fed's announcement and Fed Cha...
By OpenMarkets Today's jobs report reported not only solid job growth, but also subdued inflation, says Jack Bouroudjian. He discusses what this means for the Fed and markets, and how the technicals and fundamentals worked in this week's repricing in equities. Editor's Note: The s...
By Jill Mislinski The Institute of Supply Management ((ISM)) has now released the April Non-Manufacturing Purchasing Managers' Index ((PMI)), also known as the ISM Services PMI. The headline Composite Index is at 55.5 percent, down 0.6 from 56.1 last month. Today's number came in below the...
Editor's note: This article was originally published on May 3, 2019 by Menzie Chinn here . That's from Macroeconomic Advisers today. Turns out a bunch of monthly indicators have recently been released, including today's employment report. Here are some key ones followed by NBER's Busines...
A zombie apocalypse is silently spreading across America. Indeed, across the globe. One-eighth of the United States are zombies now. Zombie companies , that is. Source: Amazon.com A zombie company is one that regularly requires large capital infusions in order to survive, or one tha...
By Robert Hughes Payrolls in the United States rose by 263,000 in April, solidly beating an expected gain of 185,000. The healthy gain follows a solid 189,000 increase in March. Two strong monthly gains following the disappointing 56,000 increase in February shows the labor market remains ...
One of the things I've started paying close attention to recently is the trend in risk appetites. Are investors embracing or shunning risk in the markets? Answering this question can help to understand the strength of the underlying trend. The chart below plots the S&P 500 Index (in blue...
Weekly jobless claims came in unchanged this week for the first time since last September, when claims were at 212K in back-to-back weeks. Initial jobless claims came in at 230 versus forecasts of 215K. Looking back on April, it was a bit of a split month when it comes to this indicator, as th...
After having dipped to $63,378 in February 2019, median household income in the United States rose to $63,425 in March 2019, an increase of 0.1%. The following chart shows the nominal (red) and inflation-adjusted (blue) trends for median household income in the United States from January...
The US Challenger jobs report this week offered some insight into our economic cycle as well as ongoing upheaval in the energy and automotive sector. US job cuts in the first quarter were 190,410, 10.3% higher than in the final quarter of 2018 and 35.6% higher than the same quarter last year. ...