Public The Economic Week Ahead: October 3-7 Oct 2, 2022 1 min read Good news in the labor market is now bad news for the bond and stock markets because it gives the Fed more leeway to tighten monetary policy to fight inflation. This week's labor market indicators include August's JOLTS (Tue.) and both September's ADP Private Payrolls (Wed.) and the BLS Employment Situation (Fri.). Last weeks low jobless claims number suggests that labor demand continues to Ed Yardeni
Public The Economic Week Ahead, September 26-30 Sep 25, 2022 1 min read The blackout period is over for the members of the Federal Open Mouth Committee. This week, we can expect that many of the Fed's talking heads will repeat the hawkish remarks made by Fed Chair Jerome Powell during his presser last Wednesday, i.e., monetary policy needs to be more restrictive to bring down inflation. The week ahead is also jam packed with economic indicators: (1) Consumers & Ed Yardeni
Public The Economic Week Ahead: Sept. 19-23 Sep 18, 2022 1 min read It's a light week for economic releases in the US. The focus will be on the Fed. Wednesday will be action packed with the FOMC's latest policy statement and Summary of Economic Projections both out at 2:00 pm and Fed Chair Jerome Powell's presser at 2:30 pm. Powell is likely to be as hawkish as he was during his August 26 speech Ed Yardeni
Public The Economic Week Ahead, August 8-12 Aug 7, 2022 1 min read It's a big week for inflation indicators. The fun starts on Monday, when the FRB-NY releases its July survey of consumer expectations for inflation over the next 12 months and 36 months. Falling gasoline prices last month might have reduced expectations for inflation a bit. Then on Tuesday, Q2's productivity and labor costs release is likely to show another big drop in the former and sharp Ed Yardeni
Paid The Economic Week Ahead, August 1-5 Jul 31, 2022 2 min read paid Can you believe it’s August already? This week, we’ll get lots of data on business activity, employment, consumers, housing, and construction. On balance, it should all be consistent with our growth recession scenario. Consider the following: (1) Business. On Monday, ISM’s M-PMI is likely to fall closer to 50.0. A similar index that we compile from the 5 regional Fed surveys was very weak last month. Ed Yardeni
Paid The Economic Week Ahead, July 25-29, 2022 Jul 24, 2022 2 min read paid The week ahead is jam-packed with economic data that are likely to show weakening economic activity and some signs of peaking inflation. In addition, the latest FOMC statement, released Wednesday, will probably announce a 75bps rate hike. Now consider the following: Ed Yardeni
Public The Economic Week Ahead 6/6/2022 Jun 4, 2022 1 min read On June 1, JPMorgan Chase CEO Jamie Dimon said that “fiscal stimulation is still in the pocketbooks of consumers. They are spending it.” We agree: Consumers have about $1 trillion in excess saving thanks to the government’s pandemic relief checks that weren’t spent. They’ve been dipping into that pool of money to offset the weakness in the purchasing power of their paychecks, which have been eroded by Ed Yardeni
Public The Economic Week Ahead 5/7/22 May 30, 2022 1 min read The week ahead is a big one for business surveys and for employment during May: (1) The last of the five regional Fed banks’ business surveys will be released on Tuesday. The four available ones showed a sharp slowdown in business activity, suggesting that Wednesday’s M-PMI will also be weak even though the flash M-PMI estimate remained strong. The regional surveys also showed that prices-paid and prices-received indexes remained Ed Yardeni
Public The Economic Week Ahead 5/23/22 May 22, 2022 1 min read The week ahead will provide us with two more regional business surveys for May conducted by the Federal Reserve Banks of Richmond and KC. Ed Yardeni
Public The Economic Week Ahead 5/16/22 May 15, 2022 1 min read It is a big week ahead, promising to provide lots of insights into the strength/weakness of the US economy. Two Fed regional business surveys—for NY and Philly—will be released for May. Ed Yardeni