Inflation
235 postsParticipation 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...
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 as shipping rates fall. This could be good news for the inflation, investment and climate outlooks.
We Might Be Seeing The Beginning Of An Auto Production Turnaround
New industrial production data are suggesting that domestic auto production may be recovering. This would be a much-needed disinflationary force against a backdrop where disinflation in new and...