Economic Survey

Two Regional Business Surveys Showing More Stagflation In June

Jun 16, 2022 2 min read paid

Two regional business surveys, conducted by five of the 12 Federal Reserve Banks, are now available for the New York and Philadelphia districts through June. These two always come out before the other three for Kansas City, Richmond, and Dallas. They also tend to reflect the average final results of all five surveys. The averages of both the two surveys and all five of them closely track the national manufacturing

Ed Yardeni

Mixed Indicators Showing Slowing Economic Growth

Jun 3, 2022 2 min read

We are seeing some very odd divergencies between the averages of the regional business surveys conducted by five Federal Reserve Banks and the national survey of manufacturing purchasing managers conducted by the Institute for Supply Management. In the past, the regional and national indexes for overall business, new orders, and employment tracked one another very closely. Now, not so much: (1) During May, the regional composite index fell to 0.

Ed Yardeni

Regional Business Surveys: More of the Same

Apr 29, 2022 1 min read

April's national survey of manufacturing purchasing managers will be out on Monday. We expect that the M-PMI composite index is likely to remain around its March reading of 57.1

Ed Yardeni

Are oil companies price gouging us?

Apr 1, 2022 1 min read paid

Senator Elizabeth Warren thinks so. Earlier this month, she tweeted that she gets "supply and demand." She also acknowledged that "Putin's war is causing gas prices to rise." But she still accused oil companies of gouging as evidenced by their rising profit margins. So she wants to impose a windfall profits tax on the oil companies. President Jimmy Carter did that with the Crude

Ed Yardeni

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Two Regional Business Surveys Showing More Stagflation In June

Mixed Indicators Showing Slowing Economic Growth

Regional Business Surveys: More of the Same

Are oil companies price gouging us?