John Carney

The poet James Russell Lowell described June as the “high tide of the year.” The June retail report showed that the tide washed something ashore for everyone last month.

The headline figure missed expectations but the control group exceeded expectations.

President Joe Biden desperately wants to convince Americans that they have done well under his presidency, but that’s going to be a tough sell.

The survey was the latest piece of data supporting the idea that the economy could experience a “soft landing.”

The bears got pummeled by Goldilocks this week as the latest economic data indicated a broadening of disinflationary trends.

Reports of falling inflation have given a big boost to consumer sentiment.

After the bigger loan forgiveness program was rejected by the Supreme Court, the Biden administration is looking for other ways to let borrowers off the hook for student loans.

We still think it is unlikely that inflation will come down to two percent without a sizable increase in unemployment, but this week’s reports make the “soft landing” scenario less unlikely.

St. Louis Federal Reserve President James Bullard announced on Thursday that he was stepping down from his post to take the position of dean at Purdue University’s Mitchell E. Daniels, Jr. School of Business.

The number of Americans filing first-time claims for unemployment benefits dropped by 12,000 last week to 237,000, significantly below Wall Street’s forecast for 250,000 new claims. Jobless claims are a proxy for layoffs. Although the economy has slowed down in

The producer price index saw the smallest annual increase since 2020.

Headline inflation has slowed, but deeper long-term inflation persists.

Inflation fell by more than expected in June.

We expect President Joe Biden will take another misbegotten victory lap on inflation tomorrow.

If generals are always fighting the last war, analysts are typically buying the last rally or shorting the last downturn.

A big and unexpected tightening of credit in May.

Today’s jobs report data is likely enough to lock-in a Fed rate hike.

Jobs numbers disappoint for June, coming in below expectations for the first time in over a year.

The private sector put nearly 500,000 people onto payrolls in June, according to the calculations of payroll processor ADP.

Employers are still looking for nearly ten million workers.

The leisure and hospitality sector added a jaw-dropping 232,000 jobs.

It’s not exactly a self-evident truth, but it is a data-evident truth: the U.S. housing market is recovering.

New single-family home construction spending rose 1.7 percent, giving more support to the idea that the housing market may have bottomed earlier this year and begun to recover. 

The Supreme Court just gave a boost to the Federal Reserve’s efforts to tame inflation.

Inflation has slowed in recent months but remains much higher than the Fed’s target.

The third GDP revision raises concerns about the persistence of inflation but also provides powerful support to our view that the economy is unlikely to enter a recession this year.

The labor market is still sizzling hot, suggesting the Fed will have to raise rates further to bring down inflation.

The third revision to first quarter GDP indicated Fed rate hikes have been less effective than thought.

The downside of the resurgence in Italy’s tourism sector is likely to be persistent inflation.

Americans are more than twice as likely to hold a negative view of the economy than a positive.

Retail inventories rose by a seasonally adjusted 0.8 percent in May as the car shortage receded.

The most heralded recession in American history will probably not arrive until next year.

Following the debt ceiling deal, consumer sentiment improved significantly.

Markets and analysts are no longer forecasting a series of rate cuts this year, but they do not buy the notion that the Fed will keep hiking.

In the latest sign that the U.S. economy picked up steam as winter turned to spring, inventories at U.S. businesses increased in April. Businesses inventories rose by a seasonally adjusted 0.2 percent in April after declining 0.2 percent in March,

Stronger retail sales, however, could add further fuel to the inflation fires burning through the U.S. economy.