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…

The Chicago PMI raced past projections and surged to a fresh record in May and the ISM Manufacturing PMI continues to show rapid expansion in factory activity—though neither is without accompanying…

Pricing pressures continue to plague manufacturers as supply chain issues persist and activity eases off highs, though the Richmond Fed Manufacturing Index remains firmly in growth territory…

Business activity accelerated yet again this month with Markit Manufacturing PMI coming in above expectations, and the phenomenon isn’t limited to just the U.S… or the manufacturing sector. Services…