Latest News & Insights
Depopulating economy = falling wages?
In Japan's depopulating economy, productivity is falling—not rising—and so are wages.
A rate cut won’t affect the economy much…
The Fed has laid the groundwork for a 25 basis point rate cut in July, says Jim O'Sullivan on Squawk Box.
Click here to view clip.
U.S. inflation data call for modest—not major—Fed easing
The latest data, and still-accommodative financial conditions, suggest the Fed does not have to cut rates aggressively.
We agree with #Fed officials that the administration's trade policies are weighing on the outlook, but the level of policy uncertainty is not unprecedented. Trade policy uncertainty is high, but other types of policy uncertainty appear to be low.
Beware volatility in US jobless claims data from auto plant shutdowns. Through the volatility, though, the trend continues to signal strength. GDP may have slowed in Q2, but the data are not looking very recession-like.
Watch Australia's employment report tomorrow: The RBA will cut rates again if the jobless rate does not fall in response to easier monetary conditions... but it will probably take a wait-and-see approach until November.
Austrian economics quiz:
Q: If interest rates are negative, when do you cut down a tree to harvest the wood?
A: When it falls on your house.
#ECB
Mixed signals for Canada's economy: Employment is strong, but there could be red flags in survey of mfg tomorrow: High inventories demand a correction, and that means a period of reduced production and a loss of jobs in manufacturing.