Inflation Expectations
143 postsFedspeak Monitor: May 27th
Today’s hot PCE print keeps a June hike plausibly in play though it still seems like a hold is the better baseline view. This week saw another big round of Fedspeak — though we are still notably waiting on updates from Esther George.
Fedspeak Monitor: May 27th
Today’s hot PCE print keeps a June hike plausibly in play though it still seems like a hold is the better baseline view. This week saw another big round of Fedspeak — though we are still notably waiting on updates from Esther George.
Participation and the Post-Pandemic Labor Market: Pre-Pandemic is not the Ceiling
Contrary to the expectations of Fed officials, labor force participation growth has been strong over the last six months. In this piece, I use Current Population Survey microdata, correct for measurement issues, and show that an increase in labor force entry played a significant role in this recent…
Trucking Investment Might Just Keep On Truckin'
What’s Happening: Despite signs of a “bloodbath” in the spot market for trucking, investment in the production of new trucks is set up to hold steady even...
