After taking into account data revisions and the Q3 GDP release, productivity growth is running stronger in the post-pandemic period, at about a 2% annualized pace. This stands in contrast to the sluggish ~1.4% pace observed in the pre-pandemic period. We&...
Today's data largely confirmed what we've known for some time now: the Fed's restrictive policies are restricting the level and growth of...
In this piece, we take a deeper dive into the finer details of the national accounts to gain some insight into how exactly monetary policy is restricting investment.
Overall, the Q1 GDP print looks weaker overall than the previous print, with investment growth correspondingly weaker.
Whether or not we see another boom in productivity is a question of policy, not a question of fate.
