What is the significance of yesterday’s statement from the FOMC?
Author Archives: James_Hamilton
Current economic conditions
Last week’s new economics data were a mixed bag. But on balance I’d have to say I’m more discouraged than when the week began.
Lessons from the Gulf Spill: Do’s and Don’ts
We’re pleased to feature another post from Steven Kopits of Douglas-Westwood, this time on lessons to be learned from the BP oil disaster.
Options for monetary stimulus
The latest economic data have surely warranted a downward revision in the Federal Reserve’s assessment of near-term economic performance. It therefore might be a good time to review the steps the Fed could take if it wishes to provide further economic stimulus.
About that recovery you ordered
“We have met the enemy and he is us,” Pogo used to say. Well, we’ve also now met the recovery, and he is ugly.
More disappointing news
Just a quick note on a couple of new data releases today.
Update on the bumpy recovery
I was curious to take a look at how Mike Dueker’s Business Cycle Index and other measures assess the current situation.
China land prices
Tell me if you think this story sounds familiar.
Fighting deflation
The Bureau of Labor Statistics reported Friday that the seasonally adjusted consumer price index declined in June to the lowest level since November. When we start to talk about the level of the CPI rather than its rate of change, you know that deflation could once again become a key concern.
Modest relief on energy costs
A reader requests that we update some of the charts we’ve used to track U.S. energy expenditures.