Brent front month future back to $90, as SoH reopening down, Bab el Mandeb traffic estimates down … a bit before 8am CT.
Refined Products Prices Rising, Again
At least through Monday.
Reducing Employment Growth
One of the explanations for the “new normal” in employment growth is not deficient aggregate demand, but deficient labor force growth. The NYT article “Employers Fear Labor Shortage as Many Immigrants Lose Protected Status” lays it out:
Policy Uncertainty Spikes around New Section 301 Tariffs
EPU and Trade Policy Uncertainty:
Estimates of Q2 Chinese GDP
From BOFIT today:
Back to May, Cost of Living-Wise
According to Cleveland Fed nowcasts today:
Up, Up and Away: TIPS Yields
As of today:
Brent above $100
Futures, prediction markets:
Guest Contribution: “Remembering a Cold War adventure in Portugal”
Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. A shorter version in Project Syndicate.
Don’t Depend on the Foreign Official Sector to Keep on Financing the US CA Deficit
If previous trends hold: