#economyUnmoderated tagAll postsTrendingHotNewPromotedPayoutsrose98734 in #economy • 4 months agoUS CPI is still above targetUS CPI for the year ending June came in at 3%. down from 3.3% for May. Here is the chart: source The markets are excited because they think this means an irose98734 in #economy • 3 months agoThe US govt deficit hit $1.5 trillion in the first 10 months of the 2024 fiscal yearThe good news is that this is an improvement on last year when the deficit was $1.6 trillion for the first 10 months of the 2023 fiscal year. The bad news is that high debt…rose98734 in #economy • 3 months agoUS Payrolls are dramatically revised downThey were marked down by a whopping 818,000 for the 12 months through March or around 68,000 less each month. The Bureau of Labor Statistics does make regular revisions to…rose98734 in #economy • 2 months agoUS Budget Deficit hits 8.1% of GDPThe only previous times budget deficits have been this high have been during severe crises - the World Wars and the Covid pandemic when the economy was shut down. Here is the…rose98734 in #economy • 2 months agoThe Fed is almost certainly going to cut interest rates next weekThe Fed has a dual mandate; low inflation and low unemployment. Sometimes the data on job gains gives you a clearer picture than the unemployment rate (which only counts those…rose98734 in #economy • 2 months agoThe Fed's 50 bps rate cut is giving off recession vibesSo ... the long awaited interest rate cut at the Sept 18th meeting was 50 bps, rather than 25 bps like the markets expected. The last time there was an unexpected 50 bps cut…
