Inflation continues to climb in the U.S. as the Market Manufacturing PMI hits a new record on the back of revitalized demand, persistent and extreme supply chain bottlenecks, and soaring producer…

Producer price increases have paused to catch their breath in Richmond, and though existing home sales are slowing, housing price gains are continuing to soar—all while remaining under the radar…

The newly hawkish tone from the Fed sent yield curves flatting last week as they continue working to keep rates low… and the effect wasn’t limited to the U.S. Will additional insight be offered when…

The Fed’s dot-plot update and more-hawkish-than-expected turn took the markets off guard this week as investors prepare for two rate hikes in 2023. Sparked by significant increases to GDP and…

Retail sales may have fallen short of estimates and slipped 1.3% in May, but they remain a solid 18% above their pre-Covid trend and continue to reflect strength from the U.S. consumer. What’s more…

Consumer prices are climbing in the U.S. as core CPI shoots to its highest level in nearly three decades. Higher costs are already taking a toll on consumers’ plans to spend on higher cost items…

CPI is in, and climbing fast. Driven largely by airfare, household furnishings, and used cars, prices are up 5% annually—the fastest annual rate since 2008. But as the Fed would likely remind us…

The labor market is setting new—and concerning—records in the U.S. as Covid restrictions ease, life gets a little more normal, and “return-to-office” efforts begin in earnest; job openings have hit…

Friday’s jobs report came in below economists’ forecasts, though not due to lack of demand. The supply shortage is pushing wages higher, particularly in the recently revitalized leisure and…

More good news from ISM this week: services PMI saw gains in every sector and climbed to its highest level on record in May—though again, not without a corresponding hike in prices. This morning’s jobs…