Counting Chickens June inflation data came in cooler than expected across the board. On both a month-over-month and year-over-year basis, the latest Consumer Price Index (CPI) and Producer Price Index (PPI) readings were below analysts’ expectations. These are good signs for consumers and businesses. Looking at CPI, which is more important for consumer sentiment, we…Read more
This week will go a long way in setting the tone for the rest of the summer. At a Glance The Federal Reserve has to strike a balance: risks to the labor market against the risk of inflation. Depending on what’s happening with the economy, its policymakers tend to prioritize one over the other. Right…Read more
Small Bark, Big Bite Could a bear market in South Korea be an indicator of a looming bear market in the U.S.? South Korea’s economy, with a GDP of nearly $2 trillion, is about 1/16th the size of the U.S. economy. Yet because South Korea is a leading exporter of semiconductors — particularly memory chips…Read more
