We're doing the dirty work of translating CPI to PCE in real-time for you. We'll be back on Thursday to provide an update after the PPI release, which will inevitably reshape the nowcast. The associated heatmaps are somewhat...
We'll have our usual monthly inflation preview soon, but for those curious, here's a bit of a preview to the preview... We all should...
What the data tells us to expect for Friday: * Interpreting nonfarm payroll employment numbers will be messy due to the benchmark revision: The BLS folds in more comprehensive...
Summary: Today's FOMC Statement and press conference shows high continuity with the thinking reflected in the December FOMC meeting. The Fed does not appear to be...
Wage growth slowed in Q4 faster than consensus forecasts–-at an annualized rate just over 4%. We already noted in our preview that this would be very consistent...
