Little changed from July, at least from the Wall Street Journal’s survey of economists:
Here is a graph of some key indicators followed by the NBER Business Cycle Dating Committee, including industrial production, which missed expectations (actual -1.3% vs. +0.2% Bloomberg consensus, m/m not annualized):
I thought this had been determined half a century ago, but just to remind people in case they’d forgotten.
PPI indicates they are down:
Today we are fortunate to be able to present a guest contribution written by Rashad Ahmed (Office of the Comptroller of the Currency, US Treasury). The views presented are solely those of the author, and do not necessarily represent the views of the US Treasury, or any other organizations the author is affiliated with.
So far, the lower paid are seeing the biggest gains…