As i was producing some extra slides for my macro course, I generated this graph:
Import Trends: Output, Policy Uncertainty, and/or Tariffs
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BLS Commissioner Nominee Brett Matsumoto
Articles or comments in peer reviewed journals, per Google Scholar:
PPI Blows Past Expectations
M/M PPI +0.5% vs.+ 0.2% Bloomberg consensus; m/m core PPI +0.7% vs. +0.2% consensus. Here’s instantaneous (per Eeckhout, 2023) PPI and PCE vs q/q CPI:
Kevin Warsh on Executing Monetary Policy
Kamin & Sobel: “Termites are slowly feasting away at the foundations of the dollar’s dominance”
In the FT today:
Confidence Tanks
A one standard deviation drop is no small thing. Actual at 85.4 vs. 90.5 Bloomberg consensus, down from upwardly revised 94.2.
Donald Trump Is Unworried about the Dollar’s Value
According to Bloomerg. No doubt the USD is losing in value in nominal terms against a basket of currencies as well gold, since the weekend.
Chinn-Ito Financial Openness Index Updated to 2023!
Just published, Chinn-Ito index, available here. Normalized to [0,1], with 1 being most open, here’s the world.
Uncertainty Drivers: Tariffs on Canada or Government Shutdown?
Economic Policy Uncertainty spikes on Sunday.
“Trump Threatens 100% Tariffs on Canada If It Does China Deal”
That’s a title of a Bloomberg article, coming right after the Trump (temporary?) retreat on Greenland related tariffs. Economic Policy Uncertainty is likely to stay elevated for a while.