On CNN yesterday, “Why Trump’s trade hero turned away from tariffs”:
FT-Booth September Survey of Macroeconomists: Growth or Recession?
For GDP, no recession on the short horizon:
August 2024 Wisconsin Economic Outlook Forecast
End-of-Week Nowcasts
St. Louis and NY Feds have new nowcasts.
Michigan Consumer Sentiment Up, Inflation Expectations Down
Real Average Wages
On the rise:
Scary Movie: Pseudo-Economics Edition
EJ Antoni/Heritage presents this picture which should scare the beejeebus out of us.
Nationwide Grocery Prices at 2024M01 Levels
From the CPI release:
Instantaneous Core Inflation, with PPI and Nowcasted PCE Deflator
With the PPI release, and Cleveland Fed PCE nowcast as of today:
Mackintosh/WSJ: “A Recession Signal Is Flashing Red. Or Is It?”
Article today on whether it matters if dis-inversion occurs because short rates fall, or long rates rise.