After setting yet another all-time high, the sudden emergence of the new Omicron Variant threw markets into turmoil. A new variant shouldn’t be a shock. Preliminary data says the variant is less likely…

Consumer spending, the pandemic and inflation. What will consumers do? The US dollar rally may help curb imported inflation of goods, but our own housing and rent inflation will overwhelm this beneficial …

Perhaps we’ve rediscovered why there is a worker shortage. Inflation, stagflation, and more inflation. This does not look “transitory” and the rates of inflation may shock you. What can cash inflows…

The various gauges of inflation are confirming what we already see at the pump, at stores and online—prices are going up and there is little sign they will abate anytime soon. Producer inflation is…

November will be a big month for Federal Reserve developments, with more actionable talk of rate hikes and plans to start tapering asset purchases before the end of the month. With a balance sheet…

Early in the pandemic, we talked a lot about how the services recovery was a little slow out of the gate when compared to manufacturing. Momentum is accelerating though, and October saw the ISM…

Good help is growing hard to find—and afford—in the U.S. The Employment Cost Index (ECI) posted its largest gain on record last quarter, driven primarily by wage increases on the lower end of the pay…

After a dip into contraction in September, manufacturing in Richmond has realigned with the national average to settle in “slow-growth” mode. Prices also followed a similar pattern to the national…

The Markit Manufacturing PMI came in slightly below expectations in October at 59.2, easing a bit from September’s high but still demonstrating robust growth. Price pressures, both input and output…

It’s no secret that a staggering amount of wealth was created during the pandemic and the M2 money supply has hit record highs (in what may be a precursor to some painful times ahead…). However…